Toyota says electric vehicles are overhyped

There is too much hype surrounding electric vehicles (EVs), one of the world’s top automakers, Japan’s Toyota, says, noting that the electricity needed to charge electric cars would strain grids and increase carbon emissions.

If all cars in Japan were electric, the country would be short of electricity in the summer, while the infrastructure for a 100-percent EV fleet would cost the equivalent of up to US$358 billion, The Wall Street Journal quoted Toyota’s President Akio Toyoda as saying at a press conference in his role as chairman of the Japan Automobile Manufacturers Association.

Japan is reportedly considering a ban on the sale of new gasoline-fueled cars in the middle of the 2030s, reports emerged earlier this month.

“When politicians are out there saying, ‘Let’s get rid of all cars using gasoline,’ do they understand this?” Toyoda said, as carried by the Journal.

A rush to ban gasoline and diesel cars would destroy the automotive industry and leave millions of people out of a job, Toyota’s president also said.

Toyota has been working to develop hybrid electric vehicles and hydrogen-fueled cars, but it also says that it plans to “accelerate the popularization of battery electric vehicles with more than 10 models available in world markets by the early 2020s.”

Toyota is selling the Mirai fuel cell vehicle running on hydrogen, and plans to boost tenfold the global sales of the Mirai with the second-generation Mirai. The new Toyota Mirai will have a 30-percent increase in driving range to around 650 kilometers (404 miles), the carmaker said at the end of last month.

For the rest of the story: RT

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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.