FWIW, there is evidence it isn't just the CEO of Toyota who feels this way: https://www.cnbc.com/2022/12/20/auto-execs-less-confident-in-ev-adoption-amid-econo

FWIW, there is evidence it isn't just the CEO of Toyota who feels this way: https://www.cnbc.com/2022/12/20/auto-execs-less-confident-in-ev-adoption-amid-economic-fears-kpmg.html https://www.cnbc.com/2022/12/20/auto-execs-less-confident-in... The irrational exuberance of the last several years is being met with a re-calibration of expectations across all industries. An EV-Only future has very large headwinds and it would be foolish to make such a bet without any hedge.