Toyota CEO talks about why he isn’t all-in on EVs
Anytime society has an enormous demand for something, especially people/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/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/day, the upgrade to accommodate this might simply be "grid smart" chargers). There will be alternative chemistry batteries that don'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't blame them, but I'm not them, so I'll call it how it is.