Toyota CEO: Lack of infrastructure prevents company from fully investing in electric vehicles


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Toyota, which plans to make gasoline-powered vehicles a key part of its lineup, has resisted going all-in on electrification like its rivals, citing concerns that consumers aren’t embracing the new technology as quickly. Toyota Chief Executive Akio Toyoda said on Thursday that while Toyota will roll out more electric vehicles in the next few years, the company will also offer a range of other options, including gasoline-electric hybrids, hydrogen and traditional fossil fuel-powered vehicles. . The CEO said that the lack of adequate infrastructure will affect the acceptance of electric vehicles, which was a big factor in the company’s decision not to go all-in on electric vehicles. (Financial Association)
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