I am neutral. Both EVs and ICE vehicles are in decline in the longer term and current EVs are not the answer to the problem. I think Evs have to be smaller and better batteries that require less use of Lithium is my solution in my opinion. Who knows, I could be wrong.
7 years ago, Norway bought 7 hybrids for every 2 EVs Today they buy 9 EVs for every hybrid. Hybrids are only a short term solution until infrastructure is built out. Just as we used to have a cell phone and landline while mobile signals spread & now most don't have a landline, likewise hybrid cars will be a cute relic in a decade or less
Many countries in Europe, Germany amongs others have just dropped the subsidiaries for EV buyers. EV sales dropped 35% in Germany in september, Tesla sales dropped 57%. BEV is a limited market and will stay that way.
What happened in Germany can be roughly compared to what happened in China back in 2019, when subsidies were also cut by a significant margin. Growth was flat (even negative) for a year. Then, it resumed very high rates. The tech is evolving, and of course subsidies help, but they won't be needed a few years from now.
@@TricoliciSergheiTesla is working on it. They're the only company that's all in on EVs and the only company making a profit on EVs. Their mission has always been to make EVs affordable for everyone. They'll do it, but with the 100 years of big oil interference, EV tech is just now starting to flourish.
That is exactly right. They wasted billions of dollars and well over 10 years chasing the hydrogen fuel cell concept and could not get it to catch on: There are still only 50 or 60 hydrogen stations in the entire US and almost all of them are in California. Hydrogen is extremely expensive, inefficient to produce and dangerous to transport, among other issues. And the ONE advantage that hydrogen had over BEVs - the ability to "fill up" in less than ten minutes - will soon not even be an advantage for HFC as BEV technolgy has improved in leaps and bounds as hydrogen struggles.
Actually, they don’t have a competitive entry in the race because they already know that the race is a delusion. 20 years from now that man will be recognized as a visionary. If you read the recent statements from the Ford CEO, it is clear that he doesn’t want to come right out and say that Ford effed up by concentrating so much on electric vehicles. Instead, he’s saying that they want to focus more on hybrids……and a hybrid is basically a fancy internal combustion engine vehicle. The battery technology is not ready for EVs. The EV batteries cannot be recycled properly, and at a reasonable cost…….just like solar panels. California already has rolling blackouts in the summer and they expect people in California to be driving electric vehicles by legal mandate. I wonder if they’re ready to not have air conditioning when the temperature is in the upper 90s. Certainly, there is a group of people, like yourselves, who love the idea of being able to plug in their car at home, and there is such a small number of them that the grid can handle that load, but the number of cars that Ford and Stellantis and GM would have to sell to be truly profitable would put such a load on the US power grid that we could face rolling blackouts all across the United States. Not only do we need more distribution, but we need about 15 nuclear power plants to make this EV world happen. I think we will be ready in 25 years…. but to think that we’re ready in 2024 is not only incorrect, but it is delusional.
@@arthouston7361 Clueless, simple clueless. I don't live in California and nobody made us do it, but we are a 2 EV family with Solar panels and have never looked back. Wouldn't own an ICE vehicle if you paid me. Blackouts and EV's...one of the right's favorite topics. How many gas stations operate during blackouts? Did you see what happened in the Orlando area last year during/after the hurricane? Gas delivery trucks couldn't get in. Gas stations ran out of fuel while EV's did just fine. Ford and GM way over-promised, but EV's are here to stay. Prices continue to come down. Technology continues to improve (your other red herring....recycling is really not that big deal and will only continue to improve).
@@johnditoro1676 That's only because there are so few electric vehicles that the grid can still handle you and your wife charging your wonderful electric vehicles now. Take you and your wife and multiply times a million..... because that's what California wants. Do you think that anyone will have air conditioning in the summer in California if there are a million people charging their electric vehicles? You already have rolling blackouts, so what's going to happen with a million extra EV families? Sure... you're thinking about using solar panels from the Chinese Communist Party to charge up those electric vehicles. Where did all those rare Earth elements come from that made the permanent magnets in your car's electric motors? Guess where.....? China. Recently, Gavin Newsome signed legislation requiring all of the trucks taking containers out of ports like Long Beach to be all electric vehicles in the next 5 years. What that means is that all that portage work is going to move to Mexico, and Diesel trucks will take the containers and drive up through Texas to brand new multimodal rail facilities where those containers will be loaded on diesel locomotives to be taken to the rest of the nation. You don't have electrical vehicle mandates right now for you and your neighbors, but trust me....these people are so out of touch with reality that those mandates are coming, and they're coming for you and your community. Be ready to open your windows for cooling.
@@arthouston7361EV batteries absolutely can be recycled properly. There are already numerous companies that recycle lithium batteries, worldwide. They would not do so if it were not economically feasible. Yes, there are problems to iron out, just as there were when the internal combustion engine car first made its appearance. There were no gas stations, no repair infrastructure, they were extremely polluting, inefficient, noisy and so on but they stuck with it and eventually worked out (most of) the kinks. The EV space is currently in that same position. But even in its current state EVs are absolutely livable. Best case scenario is if you live in a house, especially with a garage, but apartment complexes are slowly starting to roll out charging solutions at their properties. As for the grid, yeah, if everyone bought an EV tomorrow we'd be in big trouble. But as with any support system it will adapt as conditions warrant. California was having rolling blackouts long before EVs hit the scene, especially on very hot days.
I'd like an EV but am concerned about range, crash damage, battery fires and a possible insurance problem because of fire. Will stick with my old petrol vehicle for a while yet.
As more people gain experience with EV’s the limitations of the vehicle type will become much clearer for buyers. The delays in creating a robust charging infrastructure are already becoming visible to the consumer. The cost of getting a rapid charge to something close to 100 percent is going above $70 in California, if you are able to find a rapid charger that is available or functional. The market value of used EV’s that are not a Tesla is absolutely brutal. Brutal to the point that you are going to lose 50 percent of your purchase cost on a Ford MachE if you want to sell it! And then you will find out that many dealerships will not purchase your MachE or accept it as a trade in on something else. THAT is a very bad omen for the future value of used EV’s
@@bobbytookalook absolutely true! Many people who live in near urban areas could get by just fine with an EV. City commutes and maybe 60 to 75 mile radius wouldn't create any fears, even if the batteries were getting older and their range was reduced.
As long as people living in the cities (i. e. in apartments) with their cars parked on random spots on the street below, and small EVs are not affordable, EV sales will continue to decline.
Yah some people think that even with underground parking it would be easy for them to put plugs in condo developments. For my building that is 4 levels of underground parking. You'd need to wire up 500 parking stalls. That would require tearing up part of the building just to get in enough power to cover the increased load. It would be millions of dollars. That is for one building.
@@pin65371 There's a Big problem with parking EV underground.....as there is No Way to stop a battery fire , and also , most of the time starting a fire in the EV parked next to it.......nobody is talking about this. The chemical coattail release by this kind of fire is lethal, and the manufacturer recommendation on putting off an EV fire is as follow...." Move away from the vehicle as fast as possible , and let the car burn off for a few days...!!!!"
I had Model 3 for for almost a year and had to gave it away.. somehow that car transformed me from being user to being slave.. slave of chargers and weather (cold winters..). I just bought Lexus LS500. ICE hybrid vehicle.. but I feel in charge :) Electric cars needs time to evolve 5-10 years and not just cars but also infrastructure. We should not trash the idea of hydrogen… for some use cases, it seems to be great solution. One way or another, market will decide.
I love electric vehicles, but the best thing we all can do is complete ignore anything the World Health Organization says. They are just puppets of the super rich.
@@wemakecookie Last week, Tesla reported its first quarter-on-quarter decline in sales since 2020, pushing the carmaker to launch a new round of price cuts and sparking fears of earnings downgrades for the world's most valuable automaker.
@@danajohnson4480 Tesla sales have slowed this year but still growing quite a bit. Sales did lower somewhat in Q3 because they had to shutdown their factory for the major upgrade to the Model 3.
@@danajohnson4480Tesla has been *production limited* for over a decade, and production was down last quarter due to *planned* upgrades for Model 3 refresh. Those production lines are now up and running again, and you can rest assured they will sell every one of the cars, because they can and will cut prices to find demand, if need be. It's uncertain exactly what Tesla's margins or stock price will be, but production and thereby sales numbers are not.
Except the power supply is getting cleaner by the day. Batteries are getting cleaner and more recyclable by the day. The hybrid by definition can’t be cleaner than an EV.
@@huemann7637 TORONTO, Ontario (August 1, 2023) - Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, is pleased to announce the start of commercial operations at its first Spoke recycling facility in Europe, located in Magdeburg, Germany. The Germany Spoke’s first main processing line has now commenced operations, with the second main line expected to start later in 2023. Each main line has the capacity to process up to 10,000 tonnes of lithium-ion battery material per year. With an additional 10,000 tonnes of ancillary capacity planned, the facility is expected to have a total capacity of 30,000 tonnes per year, making the Germany Spoke the largest Spoke in Li-Cycle’s current portfolio and one of the largest facilities of its kind on the continent.
Your point? 2 of those 3 companies are still in business. How many touchscreen phone companies went down the drain? And did the flip phone go away? Toyota has outlasted and outsold pretty much EVERY EV maker out there. Nice try.
@@billcichoke2534how many of those companies are global market leaders and make billions of profit? The point is, Toyota will be handed down from the top to the bottom of the list of automakers. Mitsubishi, Honda and Nissan will go south with Toyota, draging down Japan’s economy with them.
"My son, this is a great trade for you, will give you a career for life: People will Always Need Horses and we Blacksmiths are essential!" - hundreds of thousands of people, 1910...
Eventually people will be using horses for transportation again. It won't take much of a disruption in the world to cause that. No power, no gas, no food. Get ready now.
Toyota is correct. While ford and GM lose 30k per ev Toyota hybrid sales are through the roof. They can’t keep up with demand. Customers choose winners not governments.
Not so. I want one AND can afford one but I have a perfectly good car at the moment and don't believe in trading cars just to trade cars. That game will dilute wealth rapidly. I generally keep them until there is no life left in them. Waiting on the Highland M3 anyway. My next car will be electric for sure.
@@crewchief212My next car will be new electric or another 15 year old used car. I have driven a model x 300 miles a couple of times with 2 stops for charging under 15 minutes each (based on the owner's battery management profile) and it was great. I have driven my mother's RWD Model 3 for 150 miles and another trip for 45 miles, and I cannot stand driving it due to the rough ride. I am waiting for lower interest rates and better car than a Chevy Bolt (just needs faster charging) and cheaper than a Model 3. My daily commute is 60 miles daily and 300 miles on one day each weekend, the gas saving ($4.50 - $5.29/gal Seattle, WA area) would almost cover a Model 3 with the current interest rates.
It is unfair to diss all Japanese car manufacturers for failure to make electric cars. Nissan has been making reasonable (although not enormous) numbers of them for about 15 years, and making them genuinely available to real customers who wish to buy them.
Even with rapid EV growth, roughly 94% of new vehicles sold in the U.S. in 2022 had a gas tank in the back and a combustion engine up front. This is the EV Decade, but the market is a long way from becoming an EV market.
the USA is always a decade or two behind Europe, bless you, possibly due to your education system...but in ten years time, 2033....the vast majority of vehicles on the road, everywhere, will be EV. Sorry, but its just facts. The S-Curve is real and its happening in real time.
exponential growth happens way faster than. you'd expect just look at Europe as an example at how fast it can happen. The existing gas car fleet will be around a while but in 5 years most new cars will likely be electric. Mass adoption in Europe will push down their prices like solar panels did in Germany
@@aknorth1053 Yep. It's exponential, which is non-intuitive. So most people can't see the forest for the trees. 2030 80-90% BEV only. Cost curves bear this out.
I live in a rural part of the US, own an EV, do my own charging at home w/solar, and I feel fairly qualified in telling you the realities of living in a rural space with no other chargers around you. NO ONE here is going to buy an EV until a number of boxes are checked first - and most of you know what those are... The infrastructure is not ready - both grid AND charging network. When the chargers become as ubiquitous as gas stations, THEN and only THEN will the 'unwashed' among us buy an EV. Maybe. The price of new vehicles (not just EVs!) is out of control. There's NO WAY most people can afford a new car (or truck) these days. The good news is that EVs have a GREAT shot at lowering the price, but first we need... Reasonable batteries at reasonable prices. Sure, you might think that waiting for 20 minutes for a charge is no big deal, but that's assuming you have a spot to charge in. The time needs to come down. In addition, the range needs to go up (ESPECIALLY for trucks!). Most ppl around me are the blue collar types who fix your sink, build your houses, etc. And they drive trucks packed with their equipment and tools of their trades. This means we need battery improvements - which are on the way, I know, believe me. BUT... They aren't here yet. There's nothing wrong with aiming for the future. But we're AIMING for it. We haven't hit the target yet. There are use cases for EVs, but I think we're hitting a wall w/the present tech. Hybrids will be the way to go until these improvements to the tech and infrastructure are fully baked through. As a Chevy Bolt owner, I'm sure you can appreciate why I might caution against too much haste, yes?
Every person that I’ve met and says they don’t like electric vehicles it’s because of charging !! And 99.999% of the time they had a non Tesla vehicle. Easy fix . Get a TESLA !
The reason that Toyota will crush Ford and GM is that they make great vehicles with repetitive improvements. Toyota treats customers with honesty. The CEO has a Calculator and he knows how to use it......I , bought my first Toyota in 2018 and joined the Toyota family and it is heavenly a 10/ 10 move !!
Until now, sales of EVs are tragedy. In Czech republic 3%, in Germany in 9/2023 only 14,1%. The reason, ICE Golf costs €20 800 versus EV ID.3 €40 000. We do not have subsidy for EVs. So because poor sales, prices of EVs have to go down. I am fan of EVs, but it needs time.
The higher EV price, especially without incentives or lower incentives, makes it so that owning that EV actually costs MORE overall. At best you break even but then you have the hassle of charging an inferior battery/charger. It will get better but until it does so many will not go EV
Germany, UK and others have ended EV subsidies and EV sales have already started to fall off a cliff. I love EVs but they are stupidly too expensive and the public infrastructure has gone backwards in recent years.
If EV's were 25% cheaper, they would sell like cupcakes. But hey, we need Tesla and BYD (hopefully Hyundai and Kia) to innovate the hell out of the sector so other "laggards" can bring their prices down to an affordable level.. The more cars these companies sell, the better for the ones that don't want to sell EV's coz margins or losing money on every ev made.
@@OlliebobalongHi Ollie, not sure where you get your information from but there’s a big difference between “fallen off a cliff” and “rate of increase has slowed”. A 50% increase is still a massive increase even if it’s slower than a 60% increase, and in absolute terms the increase is likely to be bigger as you are starting from a higher base.
I actually saw one in the wild yesterday. Typical ugly Toyota styling, and otherwise, from what I've read about them, a thoroughly mediocre EV that they can't produce at a profit. This is not a good sign for Toyota. I honestly can't imagine buying one unless at a real fire sale price where they're losing >$10,000. And even then I'd think thrice. They probably have one of those scam service requirements to keep warranty deals, which, by the way, is the only thing I really don't like about my Kia Niro EV, which has otherwise been great. But Kia/Hyundai don't qualify for NAmer subsidies, so they're toast in the market here. Sadly.
@@oldionus Yes it is true about Toyoda having service scams. If you don't bring your EV for schedule service as per Toyoda, they will void your warranty. Tesla has no schedule servicing. If it break, you get a service road ranger or Tesla shop, that is all.
I own an Ev car an a Ev 2 wheeler for over a year now and as far as i am concerned, it serve my purpose . I have a solar system in my house [ DIY]to charge my EV'S and in the same time, powering my house. I sort of, feel liberated ,for not needed to go to the Gas station to fill my car and also does need to power my house from the grid ,besides its good for the environment which makes me feel good about it. From 🇮🇳
I'm happy for you although you must know what mining lithium is doing to the environment not to mention what your batteries will do when they are dead.
Eugene OR USA here. My primary care physician (aka my doctor) has 36 solar panels and two EV's. EWEB, our local utility, pays him about 1/3 of what they charge people for electricity. It caused me to think that the "local utility" buys electricity in bulk for 1/3 of what we are charged, keeping the other 2/3 for "salaries, benefits, travel, entertainment, etc." Then I stopped to think about how much my doctor has invested in producing/maintaining his electricity (and bypassing the gas station) and figured the utilities probably have to spend a lot on 'infrastructure' like my doctor does. I concluded that I don't have enough information to know what is happening (as usual:):)
@@SunriseLAW Yes maintaining power lines is costly. Keeping Americans in the dark about the truth is how they manage to control us all. I have no TV so I search for truth online but youtube censors us here too. Try writing Chyna virus in a comment ( but spell it right) and see what happens.
The USA needs to get to work on upgrading the electrical grids. Most areas can't maintain voltage when the home A/Cs are all running. Once Gas heaters, and ranges go away that will be year round. If the grids aren't upgraded they will collapse when EVs become prevalent.
Here in the UK, the charging infrastructure, outside Tesla, is awful. On top of that the price per kw is too high. I cannot see how progress will be made unless the Gov makes the charging price uniform.
Why isn’t the British government building any of the universal charging stations? Chinese government are building them universal charging stations like crazy.
There is an element of truth in that, which is why Tesla do not use dealerships. However, I saw a Mercedes four Pot diesel SUV list price over £90,000. You would have to be insane to even consider it.
That and the fact we are simply in a global economic period of uncertainty... for some reason everyone is ignoring the fall in ICE sales as well.... in comparison EV sales look great.
@@P2B_JC Wow I only have degrees in Architectural Engineering and Computer Science and work for a global company… maybe, just maybe, the people are a bit uninformed about EVs which is why Tesla is going to start advertising to educate. No offense but I am certain if you can get access to a power source when most people drive 30 miles or less per day EVs make sense for most Americans. This is basic logic. I’d like to hear the main reason they are not “practical” you hear.
The transition to BEVs is just beginning. It will drive a significant change in the automotive industry. Hard to know what that industry will look like 10 years from now. Predictions are hard, especially about the future.
Toyota builds crap cars and their trucks are always in the shop. Between bad main bearings, leaking valve covers, very high maintenance costs. Oh and they manufactured the 10 deadliest vehicles for decades.
I'd like to know how well electric vehicles would do without all the subsidies and interference by governments. I'm not counting anything as growing if its helped and we don't have solid numbers by how much.
The oil and gas industry is by far the most heavily subsidized in the world. The true cost would easily increase the products by 200% without the tax payers help, be serious and do some basic research.
We will tell Akio Toyoda the real "we told you so" in 2030 when Toyota Co will have a value lower than Kodak and Nokia, and it will manufacture only rickshaws.😂
@@xiaokaif most of their moneymaking market disappears then they are just plain screwed. They’ll at best shrink to a tiny fraction of their current size
All I can say is that the BYD Dolphin is at price parity with the Toyota Corolla Hybrid in Australia - one needs expensive toxic fuel to power it and one can be powered from the Sun via solar panels for the equivalent of a few cents per kw. It doesn’t take a CEO “genius” to work out that people will buy the one that costs less to run and doesn’t give their kids asthma and other life changing illnesses.
People buy ev's not because they're better alternative but because of the political regulations, government subsidies and paid advertisement. Nobody has asked people if they want them.
I have always thought of the EV transition as a slow burn, but all of these new manufacturers are trying to be the next Tesla in volume. I think that's bad for the market in general. Focus on making the best product you can, and the market will react.
We can't all switch to BEVs. It's not feasible for reasons of infrastructure, cost, energy, raw materials, battery technology, and human nature itself.
The biggest barriers for more adoption at the moment are a big enough reliable charging network and the cost of vehicle coming down, both of which I’ll hope to see improved over the next few years.
I take it you've never used the Tesla network. We virtually never have problems, always have fast charging, almost always having available stall with no waiting, so what is it that you're expecting to improve significantly?
@@douglaswatt1582 No doubting the supercharger network. However, charger location, quantity and availability needs to improve - these are barriers. People who live in flats/appartments cannot (in more than 99% of cases) charge at home. Neither can people who live in terrace housing, or people with no off street parking. Even people with off street parking, but in a listed building, have, at best, a 50% chance of being able to install a charger. Tesla isn't doing anything about solving these charging issues - and neither is anyone else. Solve these issues/remove these barriers and take-up will likely increase massively.
I drive the RAV-4 Prime as a replacement to a first-generation Chevy Volt. The RAV-4's driveline functions great on all-electric. They already have the basis to design a strong, small ESUV. Agree that once you drive electric, it is unpleasant to return to ICE.
Me too, but for me, in 2019, Kia seemed very attractive. Now, despite my detestation of Mr. Musk, I can't really see much choice: Tesla is the only way to go. So I'm keeping my Niro EV, and trading in my Niro PHEV for a Model 3 Highland when it goes on sale here in the US. Probably. Hey, Tesla, you do realize that probably 100,000 customers are waiting for the Highland and/or Juniper. Don't let them languish or some of them will buy something else. Turn on warp speed like Shanghai.
@Mrbfgray NO ONE is making compelling EVs. Tesla has a cult of personality (like CrApple did), and BYD has full CCP subsidy to keep it from collapsing. The fact that Toyota is still the biggest maker AND SELLER of vehicles, should say something about their game plan.
Not sure who suffers, Sam? How about people losing their freedom of choice and movement over the newest leftist excuse for tyranny? You know...the whole con about doing this to 'save the planet?' The only growth in EV sales, has been FLEET sales to companies, NOT sales to private consumers. Once again, your data isn't including OLDER USED ICEV sales. Disappointing but nit surprising. Also, how many people have been directly injured and/or died due to pollutants from battery production and battery fires? If this is all about 'climate change obstructionism,' the oil companies have their wooden stake to kill the slavering leftist parasite. After all, there weren't this many studies 'proving' ICEV deaths BEFORE emissions standards, or in the 4 decades since. Much like the faked data showing capitalism/man-caused climate change, your reports and agenda are a little more than just suspicious, Sam...
Finally someone gets it - ICE sales are down too, why would we not expect equally EVs which don't seem to be hit as hard. Toyota dude knows this, he's just saving face.
Q3 2023 saw the most sales of EVs ever, and the Tesla Y is on track to be the best-selling car in Europe in 2023. I've seen reality with my Bolt euv, and I doubt I'll have a petroleum burner again.
@@Gregory-Masovutchevery single year the EV percentage is growing. Every single year fewer new ICE cars are sold. There is only so much these companies can take before they no longer make a profit. Whether you like it or not, the world is going EV, it will not stop, and you had better get used to it
He is correct. What we are seeing is the challenges to be faced by moving the sale of EVs from the high end movers (who like to have the very latest technology) to the general public. The general public are not convinced that EVs are the best bet at this point in their development. This coupled with the the price penalty for an EV (around USD20,000 in the US), and the rise in interest rates has caused the general car buyer to question the purchase at this point. The losses being made on each car by GM, Ford, VW etc. has caused all of those companies to delay or cancel their plans for increased EV production, and has caused Tesla to cut prices drastically. Is it the end of the world for EVs, no but it is a set back and a big dose of reality.
In Europe the reality is that despite considerable incentives and promotion, virtually everyone going out to buy a car is still buying some form of ICE. Mercedes are correct in saying that right now the situation for EV sales is absolutely "brutal" with private buyers simply not interested in EVs. Toyota are sitting back and watching the other big car makers having to cancel their EV plans as it is a product that only a very small minority are interested in.
Provide an EV with a reasonable range at a reasonable price (i.e., 1/3 of current prices), then EV sales will take off. Trends aren't as high not because people don't want EVs, but because they can't afford them. And plus the range and charging times still suck.
No way Im buying an EV right now. Poor infrastructure, more expensive, less range, slow to charge, cant park in an underground garage plus a chemical fire hazard. Its a proof of concept as it is. Once it improves then we can talk.
Just picked up a Rivian and I have to say, I've become a believer. EV's are just better technology. Time will tell if my initial impression holds, but so far, absolutely. Price still remains an issue for many, no doubt, but that will improve going forward. If you haven't gone for a test drive, and are in the market for a new vehicle, you really should.
The R1 is an amazing truck/SUV. Just like the path that Tesla took, Rivian will prove themselves with their hi-end vehicles, and then take market share from legacy automakers once they offer their mass-market R2 vehicles.
Waited 3 years for my R1T and cancelled my res. weeks before they were going to fulfill my order. The truck I ordered three years ago was not the truck I was going to receive. I think it’s a great truck, but Rivian kept moving the goal post and under delivered. No Quad motor max pack, No power Tonneau, No expanded charging network. Sorry, but new bet is on Cybertruck.
We don’t have known reserves of raw materials on this planet than needed to build 100 million car batteries - period ! How about the other 900 million ???
I had 2 previous RAV4's and was going to buy a RAV4 prime but they did not have one so I went with a Chevy Bolt EUV. Will not go back to Toyota or ICE any time soon.
The man wasn’t wrong he still isn’t wrong. Thats what makes yall Tesla fanboys so angry!!!! TOYOTA isn’t going anywhere they are not losing money like ford and GM. Toyota was right.
I just came from Bogota's Automotive Hall. Toyota was showcasing its BZ4X, only to claim it will star selling it... in 2028. They're going down, badly.
I think we all know why the market has sagged so badly, anyone trying to finance a car with the interest rates so hard. Was really hoping I could get myself a Chevy Bolt before they paused out of the market, but despite the low price, my $90K income and my exceptional credit scores, I couldn't get it to work with a monthly payment I felt I could manage and I've gone the route of a used EV.
Maybe it’s the economic crisis that causes this or the government isn’t so keen on it? And there aren’t enough charging stations and charging infrastructure to keep up with the demand of EVs
Consumer Reports gave the 2022 Chevy Bolt EV decent scores in the categories of "Road Test" and "Owner Satifcation" - but gave it the lowest possible scores under "Reliability."
China has massive dumping grounds of EV's built through concessions. Ford in the US has just lost billions on EV's and will probably minimise their EV division.
@@zoobrizz If they are way ahead, why do they have no viable EV at all yet. Toyota has an EV that they buy from the Chinese only, so 0 EV's, Tesla has 5, The Chinese have countless. In what fantasy world is that way ahead? Toyota actually said (the young CEO, not the fossil) that Tesla was way ahead of everyone.
@@stevenjones916 OK, remove all EV incentives and cost the health and environmental costs of all fossil fuels FULLY into their cost equation, you wil find that fossil fuels will be $5 per litre yet I have 2 EV's and paid $35 for a whole month of use for both of them, no not $35 each, effectively $17.50 each. :-)
They killed a auto electrition for inventing a electric car with only a normal 12 volt battery in it. The motor was hooked up to the standard transmission , two voltage switches and a generator . It worked wonderfull .
I find it funny how a fact is pointed out and the EV enthusiast must deny it. The reality is there is still demand for more EVs...but it's obviously not 50% plus market share levels of demand when the 60-100% plus yearly growth slows to 50% and many are holding lots of EV inventory all the sudden when you aren't even at 20% of sales. The reality is that most in countries like USA WILL NOT be switching to BEV for another decade or more unless we get to all day range on EVs and there is good infrastructure to charge them at Hotels.
But does the range shown on the dashboard match the range that Hyundai claimed for this vehicle? It also doesn't help that there are multiple standards like WLTP, CLTC etc that all come out with different answers for the same vehicle
well, I'll sit back with my legs kicked up on the desk. Watching companies refusing to go all in on EVs continue to outsell EV manufacturers worldwide because the reality is, sure EV sales grew a bit. But the entirety of the rest, which is a huge percentage.... still refuse to buy EVs and it'll be that way for a while.
There’s a difference between slowing EV sales by the consumers versus the manufacturers not having products to sell. I was waiting for a Toyota EV from about a year and a half ago but it never came.
My personal opinion on the ev downturn in the USA could be easily explained by the fact that with all the legacy manufacturers signing up to use NACS people would instantly hold off until the car comes with the most prolific charging connector used in North America. It is widely known how terrible the CCS charging network is in the USA and I know if that were me I would 100% hold off until I could get usability to the most reliable stable charging network. Good thing about us outside the USA is we already have a standard so it is of less importance which is why EVs haven’t really slowed down by any real margin outside the US markets
Will there be a slight sales dip once the early adopters have bought first/second gen EVs, and not the overlap as expected for others to get onboard? Have Govs caused a lag with bad promotion of move to EVs? With cheaper/smaller models appearing and the increase in charging network, should this pick up again? Dunno, just a thought.
How about the fact that all vehicle sales have slowed, not necessarily to demand, but high interest rates and prices. Having vehicle prices jump 26%-40% over the past few years has not helped. (Subaru at the low end, Stellantis vehicles at the high end)And the current average interest rate being around 9%+ rather than 3% hurts prospective buyers.
Expensive price,range anxiety,severe fire risk and virtually uninsurable EV will be regarded in history as a dangerous rabbit hole that stifled research into more efficient and less environmentally damaging forms of energy.
BEV have many benefits, zero emissions, fewer moving parts and of course no petrol refuel. However, they have many cons as well, batteries require elements that are environmentally destructive to extract and those elements are finite, refueling takes hours, battery lose range in cold weather and battery replacements are prohibitively expensive. So no BEV’s are not sustainable and should be part of other alternative powertrains including, hybrids and hydrogen and who knows what other breakthrough in the future.
Toyota brought the Prius to market and I think its role to bring battery-powered transport forward has been under-appreciated and under-reported. Toyota has also earned a reputation for quality, building vehicles that last, I know a lot of people who were die-hard lifelong U.S. "big 3" loyalists switch to Toyota after having car after car just not make it much past 100,000 miles while they'd have a friend with a Toyota that would keep going 200,000, 300,000 or more miles and still work. Its so very sad and frustrating, given this, that Toyota's CEO has stonewalled against pure EVs, keeps insisting they won't work and dumping a lot of money into Hydrogen while putting so little into EVs and are really behind the market. I find it ironic Toyota's calling heavy EV investment a Kodak moment for those doing so, when Toyota is actually replicating Kodak when Kodak refused to innovate into digital photography and hung its corporate life on sticking with film, just as Toyota is refusing to seriously follow the trend away from ICE into EVs. Toyota already had experience developing and improving batteries with the Prius, it seemed like they would have been better positioned than just about anyone to be a trailblazer for EVs, but their CEO seems to have made them keep going on ICE and/or hybrids until they get Hydrogen working.
Fully agree with your comments. The Toyota CEO is the basic problem now at Toyota. Unfortunately for Toyota (and those who have come to depend upon them), because he is a descendant of the founder of Toyota, he won't be getting out of the way anytime soon.
I think the extortionate cost of insurance and a lot of companies refusing to insure EVs are putting people off buying. I expect this will be the final nail in the coffin
The battery compartment is too vulnerable to impact. If repair was cheap and easy this would not be an issue. But sadly this is not the case. Insurance premiums are skyrocketing as the reality of this hits home.
@@FrunkensteinVonZipperneck zero - I was about to buy an ev and my neighbour, who has an ioniq5, said his premiums had just tripled and he now has to get rid of his car.
Toyoda is still in denial. STILL. He's still in freaking total denial mode. He needs to retire. It's not hell on earth or anywhere else to NOT lead Toyota. And he's not personally broke is he? CNBC did a piece with a Mercedes dealer and he used almost the exact same logic: OUR EV's aren't moving, so that means EV's in general aren't moving.
It’s almost hilarious. Their car gets knocked off the best seller podium by the Model Y, EV sales hit a high percentage globally, China hits like 30%, and the numbers grow rapidly each year. Yet somehow amidst all of that they *still* can’t see it. It couldn’t be made any clearer to them
In my opinion BEVs are the future. Unfortunately, they are mostly out of the price range of the average buyer. Even basic new ICE vehicles have skyrocketed. A new base Corolla in Canada is just under $30,000 with taxes. In most cases, if you live in an apartment or condo unit there is no way to charge a BEV so you would be dependent on Superchargers. Toyota's approach to offering ICE and Hybrid vehicles is the safe thing to do. It currently supplies the needs of the current market conditions. If they are neglecting to pay attention to the future trends of BEVs and refusing to prepare for it then it will be their ultimate downfall. I suspect though they may be preparing for it but are holding back any information until they are certhey can accomplish their goals.
They have it right for the long term. Americans are always slow to change. And they own the market pretty much. I believe they have their eyes still on evs, but also are focused on alternative energy. Just look at Tesla, GM, Ford and others. They have struggled with sales and profits. Ev's have their place. And so will other options.
Toyota are becoming the Fox News of the car industry - when we have higher growth they’ll say ‘It’s too good and won’t last’, when we have lower growth they’ll say ‘I told you so’. I want them to succeed, I really do, but I can’t see what their strategy is at all at the moment.
Or CNN depending on your point of view, they started all that type of broadcasting and do nothing but propaganda pieces. The Left pulled this type of maneuver as far back as I can remember and that predates CNN by a long shot.
It's stunning that people sometimes refuse to buy a Tesla because of Elon. At least Elon is Right 99% of the time. The other 1% of the time, it's about full self-driving, where he's almost always wildly optimistic. But this guy from Toyota is just nuts, and he's wrong 99% of the time. And he doesn't even disclose that the Japanese government is paying him to support the hydrogen bulshit. For all of Elon's difficulties, I don't think you could pay him enough money to get him to lie.
Toyota understand the market will not become 100%EV, in fact the market is peaking. Customer want to have a choice and some will always choose combustion (e-fuels / H2), Hybrid or Fuel Cell over EV.
Toyota is on its way to sell 10 million cars WORLDWIDE this year. At record profits too. How many cars did Tesla sell worldwide? Maybe a little over a million? Peanuts.
No, a little over a million was last year, this year it’s nearly two million. That’s what exponential growth looks like, and a huge chunk of those sales are previous Toyota owners. Toyota can only hold out for so long, and when the tipping point is finally met it is too late. It also doesn’t look good for Toyota when they were knocked off the podium of best selling car globally by an EV, and a Tesla at that
Huge waiting list for Toyota Hybrids in Canada. In the US , dealers are trying to charge Thousands over retail for any new Prius. The same could be said for the GR86. Ten -15 over list for a used one last year. You can't easily get a Hybrid Rav 4 in Canada or Camry without a 6month to one year wait. Toyota is doing great in Canada if they could produce the cars people want. Seeing as our economy is poised to crash, he might be right.
I got my RAV4 hybrid 3 weeks ago from an American Toyota dealer after 8 months wait. 38k XSE. Not a penny in dealer fees. Look around if you can, no need paying dealer fees
He has a point. Like it or not, Toyota is smashing it with Hybrid sales.
Smashing? Lol
I am neutral. Both EVs and ICE vehicles are in decline in the longer term and current EVs are not the answer to the problem. I think Evs have to be smaller and better batteries that require less use of Lithium is my solution in my opinion. Who knows, I could be wrong.
7 years ago, Norway bought 7 hybrids for every 2 EVs
Today they buy 9 EVs for every hybrid.
Hybrids are only a short term solution until infrastructure is built out.
Just as we used to have a cell phone and landline while mobile signals spread & now most don't have a landline, likewise hybrid cars will be a cute relic in a decade or less
@@mangalaraj5931EV sales up 40%, not exactly a decline.
ICE sales up 0.5%. Soon will be in sharp decline
This is all short term. In the long term everything goes to a decline. I am making money shorting TSLA
Many countries in Europe, Germany amongs others have just dropped the subsidiaries for EV buyers. EV sales dropped 35% in Germany in september, Tesla sales dropped 57%.
BEV is a limited market and will stay that way.
What happened in Germany can be roughly compared to what happened in China back in 2019, when subsidies were also cut by a significant margin.
Growth was flat (even negative) for a year. Then, it resumed very high rates.
The tech is evolving, and of course subsidies help, but they won't be needed a few years from now.
excuse me.
this is ev fanboy channel.😂😂😂😂
Wrong. From 2035 it will be the only market. Wake up.
Toyota is absolutely correct to take their time
Toyota is going big on EV - their Bz4x is a big seller. They are pushing hybrids as they have a lot of onventory but EV is their immediate future
The best Electric Vehicles are the only ones people want to purchase!
And affordable also! I won't / can't afford a 40k dollar car atm :(
Yeah & it is not Toyo EV!
@@TricoliciSergheiTesla is working on it. They're the only company that's all in on EVs and the only company making a profit on EVs.
Their mission has always been to make EVs affordable for everyone.
They'll do it, but with the 100 years of big oil interference, EV tech is just now starting to flourish.
Namely Tesla, not only car, but also Energy in general
they aren't building those yet
Toyota sales are up to 2.4 million units and profits are up 24%, double from last year
Also have a look at BYD third quarter profits.
When you don't have a competitive entry in the race you downplay the race.
That is exactly right. They wasted billions of dollars and well over 10 years chasing the hydrogen fuel cell concept and could not get it to catch on: There are still only 50 or 60 hydrogen stations in the entire US and almost all of them are in California. Hydrogen is extremely expensive, inefficient to produce and dangerous to transport, among other issues. And the ONE advantage that hydrogen had over BEVs - the ability to "fill up" in less than ten minutes - will soon not even be an advantage for HFC as BEV technolgy has improved in leaps and bounds as hydrogen struggles.
Actually, they don’t have a competitive entry in the race because they already know that the race is a delusion. 20 years from now that man will be recognized as a visionary. If you read the recent statements from the Ford CEO, it is clear that he doesn’t want to come right out and say that Ford effed up by concentrating so much on electric vehicles. Instead, he’s saying that they want to focus more on hybrids……and a hybrid is basically a fancy internal combustion engine vehicle. The battery technology is not ready for EVs. The EV batteries cannot be recycled properly, and at a reasonable cost…….just like solar panels. California already has rolling blackouts in the summer and they expect people in California to be driving electric vehicles by legal mandate. I wonder if they’re ready to not have air conditioning when the temperature is in the upper 90s. Certainly, there is a group of people, like yourselves, who love the idea of being able to plug in their car at home, and there is such a small number of them that the grid can handle that load, but the number of cars that Ford and Stellantis and GM would have to sell to be truly profitable would put such a load on the US power grid that we could face rolling blackouts all across the United States. Not only do we need more distribution, but we need about 15 nuclear power plants to make this EV world happen. I think we will be ready in 25 years…. but to think that we’re ready in 2024 is not only incorrect, but it is delusional.
@@arthouston7361 Clueless, simple clueless. I don't live in California and nobody made us do it, but we are a 2 EV family with Solar panels and have never looked back. Wouldn't own an ICE vehicle if you paid me. Blackouts and EV's...one of the right's favorite topics. How many gas stations operate during blackouts? Did you see what happened in the Orlando area last year during/after the hurricane? Gas delivery trucks couldn't get in. Gas stations ran out of fuel while EV's did just fine. Ford and GM way over-promised, but EV's are here to stay. Prices continue to come down. Technology continues to improve (your other red herring....recycling is really not that big deal and will only continue to improve).
@@johnditoro1676 That's only because there are so few electric vehicles that the grid can still handle you and your wife charging your wonderful electric vehicles now. Take you and your wife and multiply times a million..... because that's what California wants. Do you think that anyone will have air conditioning in the summer in California if there are a million people charging their electric vehicles? You already have rolling blackouts, so what's going to happen with a million extra EV families? Sure... you're thinking about using solar panels from the Chinese Communist Party to charge up those electric vehicles. Where did all those rare Earth elements come from that made the permanent magnets in your car's electric motors? Guess where.....? China.
Recently, Gavin Newsome signed legislation requiring all of the trucks taking containers out of ports like Long Beach to be all electric vehicles in the next 5 years. What that means is that all that portage work is going to move to Mexico, and Diesel trucks will take the containers and drive up through Texas to brand new multimodal rail facilities where those containers will be loaded on diesel locomotives to be taken to the rest of the nation. You don't have electrical vehicle mandates right now for you and your neighbors, but trust me....these people are so out of touch with reality that those mandates are coming, and they're coming for you and your community. Be ready to open your windows for cooling.
@@arthouston7361EV batteries absolutely can be recycled properly. There are already numerous companies that recycle lithium batteries, worldwide. They would not do so if it were not economically feasible. Yes, there are problems to iron out, just as there were when the internal combustion engine car first made its appearance. There were no gas stations, no repair infrastructure, they were extremely polluting, inefficient, noisy and so on but they stuck with it and eventually worked out (most of) the kinks. The EV space is currently in that same position. But even in its current state EVs are absolutely livable. Best case scenario is if you live in a house, especially with a garage, but apartment complexes are slowly starting to roll out charging solutions at their properties.
As for the grid, yeah, if everyone bought an EV tomorrow we'd be in big trouble. But as with any support system it will adapt as conditions warrant. California was having rolling blackouts long before EVs hit the scene, especially on very hot days.
I'd like an EV but am concerned about range, crash damage, battery fires and a possible insurance problem because of fire. Will stick with my old petrol vehicle for a while yet.
As more people gain experience with EV’s the limitations of the vehicle type will become much clearer for buyers.
The delays in creating a robust charging infrastructure are already becoming visible to the consumer. The cost of getting a rapid charge to something close to 100 percent is going above $70 in California, if you are able to find a rapid charger that is available or functional.
The market value of used EV’s that are not a Tesla is absolutely brutal. Brutal to the point that you are going to lose 50 percent of your purchase cost on a Ford MachE if you want to sell it! And then you will find out that many dealerships will not purchase your MachE or accept it as a trade in on something else. THAT is a very bad omen for the future value of used EV’s
@@bobbytookalook absolutely true! Many people who live in near urban areas could get by just fine with an EV. City commutes and maybe 60 to 75 mile radius wouldn't create any fears, even if the batteries were getting older and their range was reduced.
As long as people living in the cities (i. e. in apartments) with their cars parked on random spots on the street below, and small EVs are not affordable, EV sales will continue to decline.
Yes. That’s me. Just bought a Yaris hybrid. No where to charge an EV near here, plus they’re so expensive, plus range anxiety…
Yah some people think that even with underground parking it would be easy for them to put plugs in condo developments. For my building that is 4 levels of underground parking. You'd need to wire up 500 parking stalls. That would require tearing up part of the building just to get in enough power to cover the increased load. It would be millions of dollars. That is for one building.
EV sales have not declined. In the US they're up 50% over last year.
@@pin65371 There's a Big problem with parking EV underground.....as there is No Way to stop a battery fire , and also , most of the time starting a fire in the EV parked next to it.......nobody is talking about this. The chemical coattail release by this kind of fire is lethal, and the manufacturer recommendation on putting off an EV fire is as follow...." Move away from the vehicle as fast as possible , and let the car burn off for a few days...!!!!"
Think again th-cam.com/video/8dDEuU2gR3A/w-d-xo.html
I had Model 3 for for almost a year and had to gave it away.. somehow that car transformed me from being user to being slave.. slave of chargers and weather (cold winters..). I just bought Lexus LS500. ICE hybrid vehicle.. but I feel in charge :) Electric cars needs time to evolve 5-10 years and not just cars but also infrastructure. We should not trash the idea of hydrogen… for some use cases, it seems to be great solution. One way or another, market will decide.
How often did you have to charge?
Sometimes 2x a day. It was crazy..
But it really can be just me.. i dont know.
@@adampaclt3252 that's insane 😩
How many miles were you doing every day?@@adampaclt3252
I love electric vehicles, but the best thing we all can do is complete ignore anything the World Health Organization says. They are just puppets of the super rich.
1/3 of Tesla buyers in the US are former Toyota owners. They have waited for a good Toyota EVs for too long
In the US Evs are piling up because no one wants to buy one. Meanwhile, there is no inventory of ICE Toyotas because everyone wants one.
@@danajohnson4480Maybe less competitive EVs are but Teslas which makes up the majority of EVs are selling well and growing every year.
@@wemakecookie Last week, Tesla reported its first quarter-on-quarter decline in sales since 2020, pushing the carmaker to launch a new round of price cuts and sparking fears of earnings downgrades for the world's most valuable automaker.
@@danajohnson4480 Tesla sales have slowed this year but still growing quite a bit. Sales did lower somewhat in Q3 because they had to shutdown their factory for the major upgrade to the Model 3.
@@danajohnson4480Tesla has been *production limited* for over a decade, and production was down last quarter due to *planned* upgrades for Model 3 refresh.
Those production lines are now up and running again, and you can rest assured they will sell every one of the cars, because they can and will cut prices to find demand, if need be.
It's uncertain exactly what Tesla's margins or stock price will be, but production and thereby sales numbers are not.
Except the power supply is getting cleaner by the day. Batteries are getting cleaner and more recyclable by the day. The hybrid by definition can’t be cleaner than an EV.
Exactly.
And Li-ion batteries were always recyclable. It's mostly metals, easy to recycle and valuable. It's a non issue.
Good points.
@@MrChakra108”easy to recycle” 😂
@@huemann7637 Easier to recycle than to mine.
@@huemann7637
TORONTO, Ontario (August 1, 2023) - Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, is pleased to announce the start of commercial operations at its first Spoke recycling facility in Europe, located in Magdeburg, Germany.
The Germany Spoke’s first main processing line has now commenced operations, with the second main line expected to start later in 2023. Each main line has the capacity to process up to 10,000 tonnes of lithium-ion battery material per year. With an additional 10,000 tonnes of ancillary capacity planned, the facility is expected to have a total capacity of 30,000 tonnes per year, making the Germany Spoke the largest Spoke in Li-Cycle’s current portfolio and one of the largest facilities of its kind on the continent.
Toyota is the Nokia of the car world!
Very true.
Or the blackberry
Or Kodak
Your point? 2 of those 3 companies are still in business. How many touchscreen phone companies went down the drain? And did the flip phone go away?
Toyota has outlasted and outsold pretty much EVERY EV maker out there. Nice try.
@@billcichoke2534how many of those companies are global market leaders and make billions of profit?
The point is, Toyota will be handed down from the top to the bottom of the list of automakers.
Mitsubishi, Honda and Nissan will go south with Toyota, draging down Japan’s economy with them.
"My son, this is a great trade for you, will give you a career for life: People will Always Need Horses and we Blacksmiths are essential!" - hundreds of thousands of people, 1910...
Why is my house burning down?
Too many people in 2023.
Eventually people will be using horses for transportation again. It won't take much of a disruption in the world to cause that. No power, no gas, no food. Get ready now.
@@oldbloke204Because you have a burning gasoline powered car parked inside.
@@dvader3263 Gas cars don't catch fire while parked and turned off, EVs do.
@@noseboop4354 Oh, they do, believe me, they do.
Toyota is correct. While ford and GM lose 30k per ev Toyota hybrid sales are through the roof. They can’t keep up with demand. Customers choose winners not governments.
Slowing sales of YOUR EVs doesn't mean that the segment is contracting. It means something completly different.
It means EVs are in the end game. Anyone who wanted, and could afford one has done so. Beginning of the end.
Not so. I want one AND can afford one but I have a perfectly good car at the moment and don't believe in trading cars just to trade cars. That game will dilute wealth rapidly. I generally keep them until there is no life left in them. Waiting on the Highland M3 anyway. My next car will be electric for sure.
@@crewchief212My next car will be new electric or another 15 year old used car. I have driven a model x 300 miles a couple of times with 2 stops for charging under 15 minutes each (based on the owner's battery management profile) and it was great. I have driven my mother's RWD Model 3 for 150 miles and another trip for 45 miles, and I cannot stand driving it due to the rough ride. I am waiting for lower interest rates and better car than a Chevy Bolt (just needs faster charging) and cheaper than a Model 3. My daily commute is 60 miles daily and 300 miles on one day each weekend, the gas saving ($4.50 - $5.29/gal Seattle, WA area) would almost cover a Model 3 with the current interest rates.
@@crewchief212yup! That's why the Model Y will sell just as much as all Corolla models combined this year...
EV's are a fad and I want one but I recognize that
It is unfair to diss all Japanese car manufacturers for failure to make electric cars. Nissan has been making reasonable (although not enormous) numbers of them for about 15 years, and making them genuinely available to real customers who wish to buy them.
Even with rapid EV growth, roughly 94% of new vehicles sold in the U.S. in 2022 had a gas tank in the back and a combustion engine up front. This is the EV Decade, but the market is a long way from becoming an EV market.
the USA is always a decade or two behind Europe, bless you, possibly due to your education system...but in ten years time, 2033....the vast majority of vehicles on the road, everywhere, will be EV. Sorry, but its just facts. The S-Curve is real and its happening in real time.
exponential growth happens way faster than. you'd expect just look at Europe as an example at how fast it can happen. The existing gas car fleet will be around a while but in 5 years most new cars will likely be electric. Mass adoption in Europe will push down their prices like solar panels did in Germany
@@aknorth1053 Yep. It's exponential, which is non-intuitive. So most people can't see the forest for the trees. 2030 80-90% BEV only. Cost curves bear this out.
@@aknorth1053 Read about S-curve growth and innovation paradox. Thats what EV is having.
I live in a rural part of the US, own an EV, do my own charging at home w/solar, and I feel fairly qualified in telling you the realities of living in a rural space with no other chargers around you. NO ONE here is going to buy an EV until a number of boxes are checked first - and most of you know what those are...
The infrastructure is not ready - both grid AND charging network. When the chargers become as ubiquitous as gas stations, THEN and only THEN will the 'unwashed' among us buy an EV. Maybe.
The price of new vehicles (not just EVs!) is out of control. There's NO WAY most people can afford a new car (or truck) these days. The good news is that EVs have a GREAT shot at lowering the price, but first we need...
Reasonable batteries at reasonable prices. Sure, you might think that waiting for 20 minutes for a charge is no big deal, but that's assuming you have a spot to charge in. The time needs to come down. In addition, the range needs to go up (ESPECIALLY for trucks!). Most ppl around me are the blue collar types who fix your sink, build your houses, etc. And they drive trucks packed with their equipment and tools of their trades. This means we need battery improvements - which are on the way, I know, believe me. BUT... They aren't here yet.
There's nothing wrong with aiming for the future. But we're AIMING for it. We haven't hit the target yet. There are use cases for EVs, but I think we're hitting a wall w/the present tech. Hybrids will be the way to go until these improvements to the tech and infrastructure are fully baked through. As a Chevy Bolt owner, I'm sure you can appreciate why I might caution against too much haste, yes?
Every person that I’ve met and says they don’t like electric vehicles it’s because of charging !! And 99.999% of the time they had a non Tesla vehicle. Easy fix . Get a TESLA !
Exactly what FORD and GM are saying!
They are going to go bankrupt and with 600 mi range battery you have no excuses.
The reason that Toyota will crush Ford and GM is that they make great vehicles with repetitive improvements. Toyota treats customers with honesty. The CEO has a Calculator and he knows how to use it......I , bought my first Toyota in 2018 and joined the Toyota family and it is heavenly a 10/ 10 move !!
“saving face” is not limited to Asian cultures. Mary Frunkin’ Barra does it EVery time she speaks - “Absolutely!”
Why is she not fired already? I wouldn't want her as CEO of any company
Until now, sales of EVs are tragedy. In Czech republic 3%, in Germany in 9/2023 only 14,1%.
The reason, ICE Golf costs €20 800 versus EV ID.3 €40 000. We do not have subsidy for EVs.
So because poor sales, prices of EVs have to go down.
I am fan of EVs, but it needs time.
The higher EV price, especially without incentives or lower incentives, makes it so that owning that EV actually costs MORE overall. At best you break even but then you have the hassle of charging an inferior battery/charger. It will get better but until it does so many will not go EV
Germany, UK and others have ended EV subsidies and EV sales have already started to fall off a cliff. I love EVs but they are stupidly too expensive and the public infrastructure has gone backwards in recent years.
If EV's were 25% cheaper, they would sell like cupcakes. But hey, we need Tesla and BYD (hopefully Hyundai and Kia) to innovate the hell out of the sector so other "laggards" can bring their prices down to an affordable level..
The more cars these companies sell, the better for the ones that don't want to sell EV's coz margins or losing money on every ev made.
@@OlliebobalongHi Ollie, not sure where you get your information from but there’s a big difference between “fallen off a cliff” and “rate of increase has slowed”. A 50% increase is still a massive increase even if it’s slower than a 60% increase, and in absolute terms the increase is likely to be bigger as you are starting from a higher base.
Great video Sam, whatever you do stay away from whatever Toyota is smoking.
That BZ4X is amazing! It actually has all four wheels, and none of them have fallen off!!
Jet!
haha
I actually saw one in the wild yesterday. Typical ugly Toyota styling, and otherwise, from what I've read about them, a thoroughly mediocre EV that they can't produce at a profit. This is not a good sign for Toyota. I honestly can't imagine buying one unless at a real fire sale price where they're losing >$10,000. And even then I'd think thrice. They probably have one of those scam service requirements to keep warranty deals, which, by the way, is the only thing I really don't like about my Kia Niro EV, which has otherwise been great. But Kia/Hyundai don't qualify for NAmer subsidies, so they're toast in the market here. Sadly.
It converts to an e-bike?? :):)
@@oldionus Yes it is true about Toyoda having service scams. If you don't bring your EV for schedule service as per Toyoda, they will void your warranty. Tesla has no schedule servicing. If it break, you get a service road ranger or Tesla shop, that is all.
I own an Ev car an a Ev 2 wheeler for over a year now and as far as i am concerned, it serve my purpose . I have a solar system in my house [ DIY]to charge my EV'S and in the same time, powering my house. I sort of, feel liberated ,for not needed to go to the Gas station to fill my car and also does need to power my house from the grid ,besides its good for the environment which makes me feel good about it. From 🇮🇳
I'm happy for you although you must know what mining lithium is doing to the environment not to mention what your batteries will do when they are dead.
Eugene OR USA here. My primary care physician (aka my doctor) has 36 solar panels and two EV's. EWEB, our local utility, pays him about 1/3 of what they charge people for electricity. It caused me to think that the "local utility" buys electricity in bulk for 1/3 of what we are charged, keeping the other 2/3 for "salaries, benefits, travel, entertainment, etc." Then I stopped to think about how much my doctor has invested in producing/maintaining his electricity (and bypassing the gas station) and figured the utilities probably have to spend a lot on 'infrastructure' like my doctor does. I concluded that I don't have enough information to know what is happening (as usual:):)
re: "its good for the environment which makes me feel good about it".
@@SunriseLAW Yes maintaining power lines is costly. Keeping Americans in the dark about the truth is how they manage to control us all. I have no TV so I search for truth online but youtube censors us here too. Try writing Chyna virus in a comment ( but spell it right) and see what happens.
@@MikeJones-rk1un FUD
Toyota is simply trying to stall EVs until they can catch up. I'll bet they are working hard on EV tech behind the scenes.
Toyota is way ahead of the game. They don’t have the political pressure like the big three. Hybrid ❤️
They don't even need to hurry about EV , a lot China EV company already fk up right now.
The USA needs to get to work on upgrading the electrical grids. Most areas can't maintain voltage when the home A/Cs are all running. Once Gas heaters, and ranges go away that will be year round. If the grids aren't upgraded they will collapse when EVs become prevalent.
EV is "carbon neutral" is a big scam, people know this. The price of an EV compared to a petrol car is just ridiculous.
No EV's for me.
Most fail to understand or admit that plug in hybrids solve most users needs best.
They really don’t - you get the drawbacks of both with added complexity and compromise the benefits.
Here in the UK, the charging infrastructure, outside Tesla, is awful. On top of that the price per kw is too high. I cannot see how progress will be made unless the Gov makes the charging price uniform.
Why isn’t the British government building any of the universal charging stations? Chinese government are building them universal charging stations like crazy.
Gov't intervention! No thanks.
LOLs the EV sales are slowing down because the dealerships are ripping everyone off.
There is an element of truth in that, which is why Tesla do not use dealerships. However, I saw a Mercedes four Pot diesel SUV list price over £90,000. You would have to be insane to even consider it.
That and the fact we are simply in a global economic period of uncertainty... for some reason everyone is ignoring the fall in ICE sales as well.... in comparison EV sales look great.
@@P2B_JC This conclusion of “garbage” is beyond sentiment based on what evidence?
@@P2B_JC How do you determine that?
@@P2B_JC Wow I only have degrees in Architectural Engineering and Computer Science and work for a global company… maybe, just maybe, the people are a bit uninformed about EVs which is why Tesla is going to start advertising to educate. No offense but I am certain if you can get access to a power source when most people drive 30 miles or less per day EVs make sense for most Americans. This is basic logic. I’d like to hear the main reason they are not “practical” you hear.
They can not compete with the Chinese electric cars
Yes, the wheels keep falling off ! Told you so.
Hilarious. Toyota is way ahead of the game. They don’t have the political pressure like the big three. Hybrid ❤️.
The transition to BEVs is just beginning. It will drive a significant change in the automotive industry. Hard to know what that industry will look like 10 years from now. Predictions are hard, especially about the future.
Are there any other prediction but the future?
@@bellumCretatus Yogi Berra never let logic stand in his way!
@@bellumCretatus Well you could predict something that happened in the past had in fact happened right?
I think we agree, the past is over.
YOU CANNOT PUT ALL YOUR EGGS IN THE EV BASKET AKIO IS SMARTER THAN ALL OF THESE IDIOTS
If anyone can build a viable EV it would be Toyota
Toyota builds crap cars and their trucks are always in the shop. Between bad main bearings, leaking valve covers, very high maintenance costs. Oh and they manufactured the 10 deadliest vehicles for decades.
I'd like to know how well electric vehicles would do without all the subsidies and interference by governments. I'm not counting anything as growing if its helped and we don't have solid numbers by how much.
The oil and gas industry is by far the most heavily subsidized in the world. The true cost would easily increase the products by 200% without the tax payers help, be serious and do some basic research.
@@tigaagul7 no. That's why I watch TH-cam videos. Why don't you make a video and I'll watch it.
Say no to expensive electric junk and say on to 15 minute cities don't be trapped in the WEF agenda
We will tell Akio Toyoda the real "we told you so" in 2030 when Toyota Co will have a value lower than Kodak and Nokia, and it will manufacture only rickshaws.😂
It will be the still be number one manufacturer in the third world and remote low population rural areas for a while.
@@xiaokaif most of their moneymaking market disappears then they are just plain screwed. They’ll at best shrink to a tiny fraction of their current size
@@xiaokaterrorists will still buy it
@@xiaokaChina is already outselling Toyota in many countries now.
@@xiaoka Not if Tesla starts building in India.
Of Course Toyota and Myself were.Right.
All I can say is that the BYD Dolphin is at price parity with the Toyota Corolla Hybrid in Australia - one needs expensive toxic fuel to power it and one can be powered from the Sun via solar panels for the equivalent of a few cents per kw.
It doesn’t take a CEO “genius” to work out that people will buy the one that costs less to run and doesn’t give their kids asthma and other life changing illnesses.
People buy ev's not because they're better alternative but because of the political regulations, government subsidies and paid advertisement. Nobody has asked people if they want them.
I have always thought of the EV transition as a slow burn, but all of these new manufacturers are trying to be the next Tesla in volume. I think that's bad for the market in general. Focus on making the best product you can, and the market will react.
We can't all switch to BEVs. It's not feasible for reasons of infrastructure, cost, energy, raw materials, battery technology, and human nature itself.
The biggest barriers for more adoption at the moment are a big enough reliable charging network and the cost of vehicle coming down, both of which I’ll hope to see improved over the next few years.
I take it you've never used the Tesla network. We virtually never have problems, always have fast charging, almost always having available stall with no waiting, so what is it that you're expecting to improve significantly?
@@douglaswatt1582 yes I have used them but there still isn’t enough locations and need more of others that are reliable for everyone to use.
@@douglaswatt1582 No doubting the supercharger network. However, charger location, quantity and availability needs to improve - these are barriers. People who live in flats/appartments cannot (in more than 99% of cases) charge at home. Neither can people who live in terrace housing, or people with no off street parking. Even people with off street parking, but in a listed building, have, at best, a 50% chance of being able to install a charger. Tesla isn't doing anything about solving these charging issues - and neither is anyone else. Solve these issues/remove these barriers and take-up will likely increase massively.
I drive the RAV-4 Prime as a replacement to a first-generation Chevy Volt. The RAV-4's driveline functions great on all-electric. They already have the basis to design a strong, small ESUV. Agree that once you drive electric, it is unpleasant to return to ICE.
Yes, I saw the reality 2 years ago, that's why I am shopping for my second one. 😅
Do they just last 2 years?
@@philspencelayh5464 right and then we throw them away and buy another one, clown.
Me too, but for me, in 2019, Kia seemed very attractive. Now, despite my detestation of Mr. Musk, I can't really see much choice: Tesla is the only way to go. So I'm keeping my Niro EV, and trading in my Niro PHEV for a Model 3 Highland when it goes on sale here in the US. Probably. Hey, Tesla, you do realize that probably 100,000 customers are waiting for the Highland and/or Juniper. Don't let them languish or some of them will buy something else. Turn on warp speed like Shanghai.
@@oldionus right, I've been very happy with the Model Y for 2 years
Insane -
The only possible explanation I can see, is that Toyota major shareholders also have major investments in the oil corporations
Childishly dumb conclusion. Toy investors care about Toyota and they can't make compelling BEVs let alone profitably.
@Mrbfgray NO ONE is making compelling EVs. Tesla has a cult of personality (like CrApple did), and BYD has full CCP subsidy to keep it from collapsing.
The fact that Toyota is still the biggest maker AND SELLER of vehicles, should say something about their game plan.
Not sure who suffers, Sam? How about people losing their freedom of choice and movement over the newest leftist excuse for tyranny? You know...the whole con about doing this to 'save the planet?'
The only growth in EV sales, has been FLEET sales to companies, NOT sales to private consumers. Once again, your data isn't including OLDER USED ICEV sales. Disappointing but nit surprising. Also, how many people have been directly injured and/or died due to pollutants from battery production and battery fires? If this is all about 'climate change obstructionism,' the oil companies have their wooden stake to kill the slavering leftist parasite. After all, there weren't this many studies 'proving' ICEV deaths BEFORE emissions standards, or in the 4 decades since.
Much like the faked data showing capitalism/man-caused climate change, your reports and agenda are a little more than just suspicious, Sam...
@@billcichoke2534you might want to consider a profession as a 🤡
@@billcichoke2534this won‘t age well.
High car loan interest rates is slowing the car market overall.
Finally someone gets it - ICE sales are down too, why would we not expect equally EVs which don't seem to be hit as hard. Toyota dude knows this, he's just saving face.
Oh really? That and Bidenomics. Toyota is way ahead of the game. They don’t have the political pressure like the big three. Hybrid ❤️
@@zoobrizz How are they ahead of the game? Hydrogen? The mythical battery?
Q3 2023 saw the most sales of EVs ever, and the Tesla Y is on track to be the best-selling car in Europe in 2023.
I've seen reality with my Bolt euv, and I doubt I'll have a petroleum burner again.
RIP Toyota”WE TOLD YOU SO”🤷♂️
10 million cars worldwide for 2023 is far from RIP. Time to wake up from your EV wet dream.
@@Gregory-Masovutchevery single year the EV percentage is growing. Every single year fewer new ICE cars are sold. There is only so much these companies can take before they no longer make a profit. Whether you like it or not, the world is going EV, it will not stop, and you had better get used to it
@@Gregory-Masovutch wasn’t Toyota’s latest idea, an ammonia engine??
Ammonia engine is good for marine. It is the most promising option.
Outside of that, like terrestrial transport, a very good joke 😂
@@Gregory-Masovutch Japan ban ICE sale in 2035 as well as EU, US, South Korea and China. That is reality.
He is correct. What we are seeing is the challenges to be faced by moving the sale of EVs from the high end movers (who like to have the very latest technology) to the general public. The general public are not convinced that EVs are the best bet at this point in their development. This coupled with the the price penalty for an EV (around USD20,000 in the US), and the rise in interest rates has caused the general car buyer to question the purchase at this point. The losses being made on each car by GM, Ford, VW etc. has caused all of those companies to delay or cancel their plans for increased EV production, and has caused Tesla to cut prices drastically. Is it the end of the world for EVs, no but it is a set back and a big dose of reality.
In Europe the reality is that despite considerable incentives and promotion, virtually everyone going out to buy a car is still buying some form of ICE. Mercedes are correct in saying that right now the situation for EV sales is absolutely "brutal" with private buyers simply not interested in EVs. Toyota are sitting back and watching the other big car makers having to cancel their EV plans as it is a product that only a very small minority are interested in.
Toyota is right. 100 years from now people will look back and laugh that automakers ever made Electric vehicles. It's a dead end road.
"If you want to cook, you should cook. Don't let some stubborn old man get in the way of your dream." -Monkey D. Luffy
I really enjoyed that show
I don't see how that applies here
Provide an EV with a reasonable range at a reasonable price (i.e., 1/3 of current prices), then EV sales will take off. Trends aren't as high not because people don't want EVs, but because they can't afford them. And plus the range and charging times still suck.
Akio Toyoda needs to read Tony Seba's "Clean Disruption".
No can Ingrish.
No way Im buying an EV right now. Poor infrastructure, more expensive, less range, slow to charge, cant park in an underground garage plus a chemical fire hazard. Its a proof of concept as it is. Once it improves then we can talk.
Just picked up a Rivian and I have to say, I've become a believer. EV's are just better technology. Time will tell if my initial impression holds, but so far, absolutely. Price still remains an issue for many, no doubt, but that will improve going forward. If you haven't gone for a test drive, and are in the market for a new vehicle, you really should.
The R1 is an amazing truck/SUV. Just like the path that Tesla took, Rivian will prove themselves with their hi-end vehicles, and then take market share from legacy automakers once they offer their mass-market R2 vehicles.
Not for that price
Waited 3 years for my R1T and cancelled my res. weeks before they were going to fulfill my order. The truck I ordered three years ago was not the truck I was going to receive. I think it’s a great truck, but Rivian kept moving the goal post and under delivered. No Quad motor max pack, No power Tonneau, No expanded charging network. Sorry, but new bet is on Cybertruck.
@@wydryfly don’t bet too hard on ELONS truck or fiskers answers.
In oregon you can buy a model 3 for just over $27,000 dollars after all the incentives.
We don’t have known reserves of raw materials on this planet than needed to build 100 million car batteries - period ! How about the other 900 million ???
I have always agreed with the Chairman, that is why I know he is right.
😂😂😂
🤣🤣🤣
I had 2 previous RAV4's and was going to buy a RAV4 prime but they did not have one so I went with a Chevy Bolt EUV. Will not go back to Toyota or ICE any time soon.
The man wasn’t wrong he still isn’t wrong. Thats what makes yall Tesla fanboys so angry!!!! TOYOTA isn’t going anywhere they are not losing money like ford and GM. Toyota was right.
The Chinese are coming with EVs and they mean business even if it's in Japan.
I just came from Bogota's Automotive Hall.
Toyota was showcasing its BZ4X, only to claim it will star selling it... in 2028.
They're going down, badly.
I think we all know why the market has sagged so badly, anyone trying to finance a car with the interest rates so hard. Was really hoping I could get myself a Chevy Bolt before they paused out of the market, but despite the low price, my $90K income and my exceptional credit scores, I couldn't get it to work with a monthly payment I felt I could manage and I've gone the route of a used EV.
Maybe it’s the economic crisis that causes this or the government isn’t so keen on it? And there aren’t enough charging stations and charging infrastructure to keep up with the demand of EVs
Consumer Reports gave the 2022 Chevy Bolt EV decent scores in the categories of "Road Test" and "Owner Satifcation" - but gave it the lowest possible scores under "Reliability."
Wait, was this a humblebrag? I can't actually tell. Lol if so
China has massive dumping grounds of EV's built through concessions. Ford in the US has just lost billions on EV's and will probably minimise their EV division.
How much have diesel and petrol vehicle sales changed from last year and this year?
They haven’t. Toyota is way ahead of the game. They don’t have the political pressure like the big three. Hybrid ❤️
@@zoobrizz If they are way ahead, why do they have no viable EV at all yet. Toyota has an EV that they buy from the Chinese only, so 0 EV's, Tesla has 5, The Chinese have countless. In what fantasy world is that way ahead? Toyota actually said (the young CEO, not the fossil) that Tesla was way ahead of everyone.
@@stevenjones916 OK, remove all EV incentives and cost the health and environmental costs of all fossil fuels FULLY into their cost equation, you wil find that fossil fuels will be $5 per litre yet I have 2 EV's and paid $35 for a whole month of use for both of them, no not $35 each, effectively $17.50 each. :-)
They killed a auto electrition for inventing a electric car with only a normal 12 volt battery in it. The motor was hooked up to the standard transmission , two voltage switches and a generator . It worked wonderfull .
for the first 3 miles
In fact the sales are not slowing at all, but the rate of growth.
I find it funny how a fact is pointed out and the EV enthusiast must deny it. The reality is there is still demand for more EVs...but it's obviously not 50% plus market share levels of demand when the 60-100% plus yearly growth slows to 50% and many are holding lots of EV inventory all the sudden when you aren't even at 20% of sales. The reality is that most in countries like USA WILL NOT be switching to BEV for another decade or more unless we get to all day range on EVs and there is good infrastructure to charge them at Hotels.
I have a Kona Electric and the range shown on the dash is very accurate.
But does the range shown on the dashboard match the range that Hyundai claimed for this vehicle? It also doesn't help that there are multiple standards like WLTP, CLTC etc that all come out with different answers for the same vehicle
If only Toyota offered a compelling product, then maybe sales would have increased. Right now it is a 2 horse race - Tesla and BYD.
well, I'll sit back with my legs kicked up on the desk. Watching companies refusing to go all in on EVs continue to outsell EV manufacturers worldwide because the reality is, sure EV sales grew a bit. But the entirety of the rest, which is a huge percentage.... still refuse to buy EVs and it'll be that way for a while.
All they are doing in this denial is ceding the market to Tesla, BYD and likely Hyundai who seems to betting the farm on it.
Couple days ago Toyota says ..We have revolutionize battery for EV! ''
They should make up their mind for us consumers and for their investors
They're taking their time with EV. Need to make better battery.
There’s a difference between slowing EV sales by the consumers versus the manufacturers not having products to sell. I was waiting for a Toyota EV from about a year and a half ago but it never came.
I’m sure Toyota has a hydrogen car they’ll sell you!
My personal opinion on the ev downturn in the USA could be easily explained by the fact that with all the legacy manufacturers signing up to use NACS people would instantly hold off until the car comes with the most prolific charging connector used in North America. It is widely known how terrible the CCS charging network is in the USA and I know if that were me I would 100% hold off until I could get usability to the most reliable stable charging network. Good thing about us outside the USA is we already have a standard so it is of less importance which is why EVs haven’t really slowed down by any real margin outside the US markets
Will there be a slight sales dip once the early adopters have bought first/second gen EVs, and not the overlap as expected for others to get onboard? Have Govs caused a lag with bad promotion of move to EVs? With cheaper/smaller models appearing and the increase in charging network, should this pick up again? Dunno, just a thought.
Dunno mate, seems like you're talking sense. Let's wait and see.
The CEO seems like a complete dork. This is just a minor pullback before the surge continues.
Like him or hate him, Elon has changed the car game forever. Toyota was caught flat footed and is trying to spread FUD, that's all.
Toyota was way ahead. Just look at that lovely Prius. How vouge.
How about the fact that all vehicle sales have slowed, not necessarily to demand, but high interest rates and prices. Having vehicle prices jump 26%-40% over the past few years has not helped. (Subaru at the low end, Stellantis vehicles at the high end)And the current average interest rate being around 9%+ rather than 3% hurts prospective buyers.
Expensive price,range anxiety,severe fire risk and virtually uninsurable EV will be regarded in history as a dangerous rabbit hole that stifled research into more efficient and less environmentally damaging forms of energy.
You clearly don't have an EV. Do you get paid directly by the oil cartel to parrot their propaganda?
BEV have many benefits, zero emissions, fewer moving parts and of course no petrol refuel. However, they have many cons as well, batteries require elements that are environmentally destructive to extract and those elements are finite, refueling takes hours, battery lose range in cold weather and battery replacements are prohibitively expensive. So no BEV’s are not sustainable and should be part of other alternative powertrains including, hybrids and hydrogen and who knows what other breakthrough in the future.
Toyota brought the Prius to market and I think its role to bring battery-powered transport forward has been under-appreciated and under-reported. Toyota has also earned a reputation for quality, building vehicles that last, I know a lot of people who were die-hard lifelong U.S. "big 3" loyalists switch to Toyota after having car after car just not make it much past 100,000 miles while they'd have a friend with a Toyota that would keep going 200,000, 300,000 or more miles and still work.
Its so very sad and frustrating, given this, that Toyota's CEO has stonewalled against pure EVs, keeps insisting they won't work and dumping a lot of money into Hydrogen while putting so little into EVs and are really behind the market. I find it ironic Toyota's calling heavy EV investment a Kodak moment for those doing so, when Toyota is actually replicating Kodak when Kodak refused to innovate into digital photography and hung its corporate life on sticking with film, just as Toyota is refusing to seriously follow the trend away from ICE into EVs. Toyota already had experience developing and improving batteries with the Prius, it seemed like they would have been better positioned than just about anyone to be a trailblazer for EVs, but their CEO seems to have made them keep going on ICE and/or hybrids until they get Hydrogen working.
Fully agree with your comments. The Toyota CEO is the basic problem now at Toyota. Unfortunately for Toyota (and those who have come to depend upon them), because he is a descendant of the founder of Toyota, he won't be getting out of the way anytime soon.
I think the extortionate cost of insurance and a lot of companies refusing to insure EVs are putting people off buying. I expect this will be the final nail in the coffin
More reasons to think about EVs th-cam.com/video/8dDEuU2gR3A/w-d-xo.html
Toyota:
We are LATE to the party so we will make every excuses we can possibly make.
It’s my party and I’ll snub who I wanting…
The battery compartment is too vulnerable to impact. If repair was cheap and easy this would not be an issue. But sadly this is not the case. Insurance premiums are skyrocketing as the reality of this hits home.
How much do you pay to insure your EV?
@@FrunkensteinVonZipperneck zero - I was about to buy an ev and my neighbour, who has an ioniq5, said his premiums had just tripled and he now has to get rid of his car.
Toyoda is still in denial. STILL. He's still in freaking total denial mode. He needs to retire. It's not hell on earth or anywhere else to NOT lead Toyota. And he's not personally broke is he? CNBC did a piece with a Mercedes dealer and he used almost the exact same logic: OUR EV's aren't moving, so that means EV's in general aren't moving.
It’s almost hilarious. Their car gets knocked off the best seller podium by the Model Y, EV sales hit a high percentage globally, China hits like 30%, and the numbers grow rapidly each year. Yet somehow amidst all of that they *still* can’t see it. It couldn’t be made any clearer to them
Electric vehicles are absolute garbage and a passing fad
In my opinion BEVs are the future. Unfortunately, they are mostly out of the price range of the average buyer. Even basic new ICE vehicles have skyrocketed. A new base Corolla in Canada is just under $30,000 with taxes. In most cases, if you live in an apartment or condo unit there is no way to charge a BEV so you would be dependent on Superchargers. Toyota's approach to offering ICE and Hybrid vehicles is the safe thing to do. It currently supplies the needs of the current market conditions. If they are neglecting to pay attention to the future trends of BEVs and refusing to prepare for it then it will be their ultimate downfall. I suspect though they may be preparing for it but are holding back any information until they are certhey can accomplish their goals.
They have it right for the long term. Americans are always slow to change. And they own the market pretty much. I believe they have their eyes still on evs, but also are focused on alternative energy. Just look at Tesla, GM, Ford and others. They have struggled with sales and profits. Ev's have their place. And so will other options.
Toyota are becoming the Fox News of the car industry - when we have higher growth they’ll say ‘It’s too good and won’t last’, when we have lower growth they’ll say ‘I told you so’.
I want them to succeed, I really do, but I can’t see what their strategy is at all at the moment.
More so Toyota is the CNBC of the auto industry, oh maybe it's GM.
Or CNN depending on your point of view, they started all that type of broadcasting and do nothing but propaganda pieces. The Left pulled this type of maneuver as far back as I can remember and that predates CNN by a long shot.
More like CNN of car industry where they have constant fake news
But but.....hydrogen cars. But but.......solid state batteries. LOL
@@skipondowntheroad5833 Kek.
How do they explain Tesla, and BYD
California 🤡
It's stunning that people sometimes refuse to buy a Tesla because of Elon. At least Elon is Right 99% of the time. The other 1% of the time, it's about full self-driving, where he's almost always wildly optimistic. But this guy from Toyota is just nuts, and he's wrong 99% of the time. And he doesn't even disclose that the Japanese government is paying him to support the hydrogen bulshit. For all of Elon's difficulties, I don't think you could pay him enough money to get him to lie.
Stunning? That's common sense! You don't like Elon, You don't buy a Tesla.
It’s more that Elon is a horrible human being, not where he’s right or wrong in regards to EV
why do we care if hes a horrible human being? if you like a product buy it. @@EdwardsNH
because he is not a liberal... fuck off commmie..@@EdwardsNH
@@SeanLi-i7n I don't like Elon for his political views, however I like Elon "The Engineer" as he's one of the greatest mine of out time👌
Toyota understand the market will not become 100%EV, in fact the market is peaking. Customer want to have a choice and some will always choose combustion (e-fuels / H2), Hybrid or Fuel Cell over EV.
Toyota is on its way to sell 10 million cars WORLDWIDE this year. At record profits too. How many cars did Tesla sell worldwide? Maybe a little over a million? Peanuts.
No, a little over a million was last year, this year it’s nearly two million. That’s what exponential growth looks like, and a huge chunk of those sales are previous Toyota owners. Toyota can only hold out for so long, and when the tipping point is finally met it is too late.
It also doesn’t look good for Toyota when they were knocked off the podium of best selling car globally by an EV, and a Tesla at that
Only because Tesla market share is diminishing due to other EV makers (BYD)
1.8M by the end of the year, so 18% of Toyota. Last year that was 10%. You see where this is going?
Head firmly in the sand comment
I hear Toyota have built themselves, a self landing reusable rocket. Oops, sorry that Tesla isn’t it. Back in 2010.
It's not like Toyota doesn't have the technology to compete in EV market, they do.
Huge waiting list for Toyota Hybrids in Canada. In the US , dealers are trying to charge Thousands over retail for any new Prius. The same could be said for the GR86. Ten -15 over list for a used one last year. You can't easily get a Hybrid Rav 4 in Canada or Camry without a 6month to one year wait. Toyota is doing great in Canada if they could produce the cars people want. Seeing as our economy is poised to crash, he might be right.
I got my RAV4 hybrid 3 weeks ago from an American Toyota dealer after 8 months wait. 38k XSE. Not a penny in dealer fees. Look around if you can, no need paying dealer fees
Enjoy it. Got 61 mpg yesterday with my AWD Prius. Why would I bother going full electric with that kind of mileage?
Toyota continues to hit historical sales and profit
EV’s High Price is the issue plus the Range Anxiety and Charging Time.
Japan is still in denial in EV. This is how a country or company being destroyed from technology disruption.
Sure 🤡. Toyota is way ahead of the game. They don’t have the political pressure like the big three. Hybrid ❤️
Let me fix that title for you. " People are starting to see the Reality of not buying a Tesla EV "
You have, at most, 47 years of crude left. Then what?
"See, I told you so Hydrogen is superior to EV's....except for the minor fact that the Model Y is the best selling car in the world"
Hydrogen is the way forward