Toyota CEO talks about why he isn’t all-in on EVs
Anytime society has an enormous demand for something, especially people&#x2F;institutions with money, it gets done.<p>If there are hundreds of billions or even trillions riding on upgrading the grid and securing mineral resources&#x2F;researching alternative solutions, it will get funded and figured out.<p>There <i>will be</i> $20,000 economy EVs with crappy everything but still go A to B. There will be grid upgrades to handle everyone charging (really topping off is more realistic, few drive more than ~25 miles&#x2F;day, the upgrade to accommodate this might simply be &quot;grid smart&quot; chargers). There will be alternative chemistry batteries that don&#x27;t need rare earths (like LFP in some Teslas).<p>Toyota is just stubbornly refusing to take the L on their 30 years of research into this. I don&#x27;t blame them, but I&#x27;m not them, so I&#x27;ll call it how it is.