Toyota Reveals It Would Rather Buy Emission Credits Than "Waste" Money Building Electric Vehicles

03 Mar 2024 | Abstracted from Design Taxi

"Toyota has revealed its strategic decision to prioritize the purchase of credits over investing in the manufacturing of electric vehicles...This statement was made by the CEO of Toyota N.A., who believes that EVs will only make up 30% of the US new-vehicle market in 2030, half of the target the EPA sought last year.

"The question that arises from this discussion is: How can automakers strike a balance between economic viability and environmental sustainability?"

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