Photo Credit:Fair Use [17 U.S.C. § 107]

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?"

ADDITIONAL RELATED NEWS LINKS

• Toyota Unveils Investment Plan in EV Charging Network Ionna


• NASCAR Enters The Electric Era With New EV Prototype


• These Are The Best-Selling Used EVs - And What's Being Traded In For Them


• Will You Miss Anything About Gas Cars?


• Buying A New Car Could Cost You $7,600 A Year On Top Of The Sticker Price, Nearly Double A Decade Ago


• NASCAR's EV Concept Will Debut Next Week


• EV Predictions Aren't Great, But Those For Hydrogen Fuel-Cell Vehicles Are A Disaster


• Toyota, Nissan, 10 Others Join Forces To Form A New Research Group Powerhouse For Software


• I Considered A Super-Cheap Hydrogen Toyota Mirai. Here's Why I Said No


• Toyota Sees Europe Reaching EV Tipping Point Within a Few Years