Electromobility is not the only option for the future of the automotive industry, believes the chairman of the supervisory board of Toyota.
The Japanese car manufacturer Toyota is known for its measured attitude towards electric cars, which is especially marked by the founder’s grandson, former CEO and current chairman of the supervisory board, Akio Toyoda. He recently let it be known that electric cars will never exceed 30% of the global market.
He recently confirmed plans for the conference “major engine development project”, in front of two hundred corporate managers and leaders. He also recalled that at the Tokyo Motor Show not long ago “took the opportunity to tell everyone we were sticking with internal combustion engines”.
According to him, the reasons are not only in the new car market, but also in the labor market. “If we suddenly switched to electric cars, I’m sure the 5.5 million people in the Japanese auto industry who have worked on engines all their lives would be asking, ‘What was the point?’ Some of our internal combustion engine subcontractors can’t get loans from banks anymore,” he answered one of the journalists’ questions after the conference.
Predictions that the transition to electromobility will threaten hundreds of thousands, if not millions of jobs across Europe, have been made by car companies, trade unions and various analysts for many years. Of course, this applies especially to those economies in which the production and export of cars make up a significant part of the gross domestic product. This is, for example, the Czech, German or Slovak one.