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.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.There will be $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).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.