Akio Toyoda, Toyota Motor’s chairman, has never been a huge fan of battery electric vehicles. Last October, as global sales of EVs started to slow down amid macroeconomic uncertainty, Toyoda crowed that people are “finally seeing reality” on EVs. Now, the auto executive is doubling down on his bearish forecast, boldly predicting that just three in 10 cars on the road will be powered by a battery.
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“The enemy is CO2,” Toyoda said, proposing a “multi-pathway approach” that doesn’t rely on any one type of vehicle. “Customers, not regulations or politics” should make the decision on what path to rely on, he said.
The auto executive estimated that around a billion people still live in areas without electricity, which limits the appeal of a battery electric vehicle. Toyoda estimated that fully electric cars will only capture 30% of the market, with the remainder taken up by hybrids or vehicles that use hydrogen technology.
2/3 is still not 100%. And you can refuel at home if you really wanted. In fact, you can even refuel a gasoline car at home. But in reality this was never a major selling point. It’s just the crutch BEV fans are relying on. The refueling infrastructure is the only thing that really matters.
Most EV users charge at home, this is absolutely a major selling point, and they would all lose this ability if they switched to hydrogen. Which is why they aren’t switching to hydrogen.
And a lot of people can’t charge at home. You will still need public stations.
In the end, this is just the whining of a handful of rich people. If it is more straightforward to get everyone to refuel at public stations, it is the better solution.
You will need public stations with hydrogen, too. But with BEV, you need a lot fewer stations. Which is why switching to BEVs is a lot more straightforward.
