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Translation, Toyota has not yet secured access to resources because it has been dragging its feet making the necessary investments. Other manufacturers have in
by jillesvangurp 4y ago
Translation, Toyota has not yet secured access to resources because it has been dragging its feet making the necessary investments. Other manufacturers have in fact been making such investments and are growing production volumes at a nice rate. Toyota will eventually have to choose between letting market share slip or investing to catch up as more countries are starting to see sales dominated by EVs.
We're talking about a company that has been talking about hydrogen cars and is still pretending that they are going to do that at scale; despite no evidence at all of that in the form of production capacity and infrastructure related investments. Speak of supply chain problems! Where is the hydrogen even going to come from? And where's the distribution network for that? And how many hydrogen cars did Toyota actually ship so far? Hint, the volume of their very low number of compliance EVs in places like China is actually higher. They've actually already produced more EVs than hydrogen cars. I doubt those numbers will ever turn around for them.
Toyoda sounds like a broken record just rehashing the same excuses over and over again as to why they are late in a market where other companies are raking in really fat profits on EVs that seems to be going through some exponential growth.
- torginus 4y agoHydrogen makes sense for semi-trucks and cargo transport - which are incidentally responsible for a huge chuck of ICE emissions. That means even if we can't quite build out the infrastructure for civilian use, and the fuel cells are too expensive for the average Joe, we can still convert semi trucks to hydrogen use.
- jillesvangurp 4y agoEven there, battery electric trucks are already selling in just about every weight class of trucks you can name. Hydrogen is a very long shot there and the (very) few hydrogen trucks on the road have neither range nor cost advantages over battery electric. And of course they can't go out of range from the very limited hydrogen distribution points.