- Toyota Motor Corp TM Gasoline-electric hybrids, such as Toyota Priusare a “more realistic choice” for some markets and drivers to reduce the dangers of climate change.
- The company warned that the focus on battery electric vehicles (BEVs) as a cleaner car alternative could result in some motorists sticking with polluting vehicles. Reuters reported, citing a statement from Toyota Motor’s top scientist.
- The automaker said there weren’t enough resources for BEVs to be the only cleaner car option globally.
- The news came after Toyota Motor launched a prototype of a commercial mini electric vehicle vans In a relationship with Suzuki Motor Co.SZKMF and Daihatsu Motor Co.,Ltd. on May 18th.
- Gil PrattToyota Research Institute executive director said battery materials and renewable charging infrastructure would “eventually become plentiful” to address environmental concerns.
- In fact, BEVs will be a crucial solution to environmental problems for countries that have rich renewable infrastructure like Norway. But in countries that use coal to generate electricity, hybrids are better in terms of CO2 emissions, the report said.
- The statements were made a day before a summit of the Group of Seven leaders in the Japanese city, Reuters said.
- Price promotion: At last check on Friday, TM stock is down 3.4% premarket to $142.02.
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