Connect with us

Tech

Is Toyota Late To EVs?

Published

on



Update: On January 26 2023, Toyota announced that CEO and President Akio Toyoda would step down in April and assume the role of chairman of the board.

Environmentalists and electric vehicle advocates are accusing the world’s largest automaker, Toyota, for dragging its feet, and even opposing electrification. But Toyota, which sells 10.5 million cars a year in 170 countries, argues that many of those markets aren’t ready for electric vehicles.

The company announced a $35 billion investment in EVs in December 2021 along with an investment of equal size in hybrids and hydrogen fuel cell vehicles. As of early 2023, the company sells only one electric vehicle, the bZ4X, which it has only sold in small quantities. It has, however, said it is planning to release 30 EV models by 2030, which would be a quarter of the total number of models it currently makes.

Will it be able to catch-up with the rest of the world, or is Toyota actually in the driver’s seat by going slow in EV adoption given how small the global market share is in total vehicle sales?

Chapters:
1:43 — Chapter 1
6:43 — Chapter 2
10:25 — Chapter 3

Produced by: Robert Ferris
Edited by: Dymond Green
Senior Managing Producer: Tala Hadavi
Graphics by: Jason Reginato
Additional sources: Toyota, International Energy Agency, California New Car Dealers Association

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

#CNBC

Is Toyota late to EVs?

source

Continue Reading
48 Comments

48 Comments

  1. @blongth89

    December 19, 2023 at 4:49 am

    Toyota is number one Auro brand for a reason. Let them do their thing. Stop it with the EV scam.

  2. @kabuto310

    December 19, 2023 at 4:49 am

    Did anyone else read the thumbnail? What the heck is restisting? I think CNBC needs to check that again. 😅

  3. @youngyingyang

    December 19, 2023 at 4:49 am

    Because Toyota prefers huge, short term profits vs having clean air and a better planet.

  4. @KevinNguyen-zn4vv

    December 19, 2023 at 4:49 am

    Toyota doesn't just sell their vehicles to the USA. Try to sell an EV in South America, Africa, or India.

  5. @MoniqueMarine-kt6pn

    December 19, 2023 at 4:49 am

    Might Toyota have a partnership in fuels

  6. @elleholland69

    December 19, 2023 at 4:49 am

    Toyota is very smart. The raw materials used to make 1 EV could make 6 plug-in hybrids or 90 non-plug-in hybrids. This is a carbon reduction 37 times greater than a single battery EV!!!

  7. @bigbusiness7035

    December 19, 2023 at 4:49 am

    As EV demand has slumped even in the US, Toyotas bet is looking right.

  8. @auwkeung

    December 19, 2023 at 4:49 am

    EV is NOT carbon neutral, it just pushes the carbon footprint from gasoline to the power grid

  9. @zerokool-2058

    December 19, 2023 at 4:49 am

    Here we are now, and GM has said they’re reducing EV production 😂.

    Toyota is smart! They will continue the hybrid productions.

    PLEASE Toyota make a plug in hybrid Camry!!

  10. @andrewjackson5127

    December 19, 2023 at 4:49 am

    I think Toyota is correct. This past summer in California where you point out that there was a lot of sales they told you that you couldn't charge your electric vehicle because the grid couldn't handle it. That's certainly not a workable solution. And imagine the shock of all these environmentalists when they find out this does not do anything to reduce CO2 because passenger car transportation only contributes about four or five percent of the CO2 that is output by humans. Imagine they're shocked to find out that CO2 in fact has increased because manufacturing is the main contributor and we're making all these damn new cars instead of driving used cars. It takes 5 to 7 years at least to offset the carbon in manufacturing an electric vehicle. This really is one ginormous scam

  11. @user-lr5qx6iu2x

    December 19, 2023 at 4:49 am

    When you invest you're buying a day you don't have to work. Restisting? isn't it resisting?.

  12. @Mikeyang1975

    December 19, 2023 at 4:49 am

    Too much BS when you burn coal to make electricity and no plan to recycle batteries. Why doesn't the world use ethanol that is CO2 free? Because Brazil retains the technology of production and space to plant sugar cane, aource for ethanol.

  13. @mrvggl

    December 19, 2023 at 4:49 am

    I strongly believe that Toyota is researching on EV. Once they are confident on the quality they'll launch stunning cars in affordable price range and the competition will be trying to catch up with Toyota.

  14. @10YearOldTom

    December 19, 2023 at 4:49 am

    I Can't believe the dude at about 6:30 through. Acting like charging stations aren't LOADED in busy areas. EV are not practical in large scale yet. Toyota is 100% right. That's what happens when you work from home and talk all day through Email.

  15. @patheally

    December 19, 2023 at 4:49 am

    Notice all the carbon-nuetral/EV proponents are either beta males or women.

  16. @raymonddon8875

    December 19, 2023 at 4:49 am

    japan is way too late. chinese BYD, in 2023 sold more cars worldwide than both VW and toyota. bravo china from germany!

  17. @Californiavideos117

    December 19, 2023 at 4:49 am

    Toyota is very smart. They know how to do business

  18. @paolocruz8392

    December 19, 2023 at 4:49 am

    Sometimes people forget that the Japanese are living ten years ahead of all of us. They think of everything.

  19. @paolocruz8392

    December 19, 2023 at 4:49 am

    O ye of little faith. Toyota is a master of Just in Time business principle. If they say it's not yet time then it's not. They're too big not to have prepared to any situation. They're right not to solely invest in EV. Don't put all your eggs in one basket. JDM has kei cars which if you ask me should have been the direction of carbon emission reduction especially for consumer level. If and when the situation is ready they can easily adapt. They have all the technologies in their arsenal. In addition political turmoil is happening because of China. Now is not the time to focus on EVs. When Taiwan falls, the world will soon too.

  20. @AmericanDrinker

    December 19, 2023 at 4:49 am

    Late? Ha! We're just getting started

  21. @user-br5qu9uj9b

    December 19, 2023 at 4:49 am

    It takes about 5 to 10 years to replace a car for average families. Once people get used to driving EV's it's difficult to go back to driving ICEV.

  22. @kenrandall5680

    December 19, 2023 at 4:49 am

    The title for this video has an obvious spelling error! Editing was overlooked … ‘Resisting’

  23. @melindamaxwell7923

    December 19, 2023 at 4:49 am

    Typo in the title

  24. @mychan_dsi

    December 19, 2023 at 4:49 am

    RESTISTING?

  25. @graemelliott3942

    December 19, 2023 at 4:49 am

    Toyota is not late to the party! They are a very conservative vertically integrated company. They’re a lot brighter that you’re letting on!

  26. @thewavehunter

    December 19, 2023 at 4:49 am

    U folks at CNBC do a great job on these auto-related “series” stories – topical and informative. Please produce more.

  27. @rickbarnard-uj8hs

    December 19, 2023 at 4:49 am

    Toyota is smart, no one wants a electric car that is unreliable in hot or freezing weather

  28. @boi5599

    December 19, 2023 at 4:49 am

    Because toyota knows that ev's arent the future, reliable cars that'll last you. They let everyone comeout with their crappy ev's first hahaha

  29. @Rob-yv9og

    December 19, 2023 at 4:49 am

    An EV charger uses more electricity than 30 refrigerators. In the dominican republic, you're lucky if you have electricity for 1 refrigerator. DR is relatively rich for the global south. Toyota makes vehicles that work in the whole world…not just California and Texas like a Tesla.

  30. @neygercey7899

    December 19, 2023 at 4:49 am

    The necessary infrastructure for EV to operate decently on a day-to-day basis is underestimated and depending very much on government huge investment almost everywhere. And comparing the number of gas stations and + time to fill up vs needed infrastructure + time to charge one EV there is still a long way to go. I believe that hybrids, not the plug-in versions, are more a realistic solution before EVs take over.

  31. @user-ke9qv1bs7z

    December 19, 2023 at 4:49 am

    CNBC and the west believe EV is the only option and apply the same for the rest of the world. That's a totally one sided view thinking that everyone can afford to do so.

    Toyota sold way more hybrids that help to reduce co2 than anyone else.

    Any I'm still not believe EV is really reducing co2 footprint given the supply chain is equally polluted or possibly more.

  32. @jarthur5094

    December 19, 2023 at 4:49 am

    I think hybrids are best

  33. @Cars360-vs7bk

    December 19, 2023 at 4:49 am

    This video Gould should be made today or few months back!! EV sales all time low. Hybrid is in high demand

    This is the situation where EV prices are down and rebates are active

  34. @smellybox309

    December 19, 2023 at 4:49 am

    Toyota does not want any EV fires.

  35. @michapiotrstankiewicz2713

    December 19, 2023 at 4:49 am

    I never liked the idea of plug-in hybrid car. The battery is small. The tank is small. The trunk is small. And everything in a big car

  36. @bigpirate7513

    December 19, 2023 at 4:49 am

    Hidrogen​ engine​ hee hee​hee😂😂😂😂😂😂

  37. @Anomize23

    December 19, 2023 at 4:49 am

    Resisting and slowly transitioning are 2 different words.

  38. @folag

    December 19, 2023 at 4:49 am

    Watch out! Toyota is closer to being able to manufacture SOLID STATE batteries, which is not subject to the risk of burning or explosion like batteries currently in use. However, the reason solid state batteries are the game changer is that they will deliver significantly greater mileage plus lower vehicle weight.

  39. @warlord6664

    December 19, 2023 at 4:49 am

    This aged well, EV sales down

  40. @mwmack8973

    December 19, 2023 at 4:49 am

    "Restisting???" Did I read that preview correctly?

  41. @supa3ek

    December 19, 2023 at 4:49 am

    toyota executives have said the hype around evs does not match reality ??????
    LOL open your eyes to reality. I see evs on the roads more and more !!!!

  42. @speculawyer

    December 19, 2023 at 4:49 am

    At 7 minutes in, a guy days EVs be only 6 to 7%. Right now, plug-in vehicles are approaching 20% worldwide.

  43. @speculawyer

    December 19, 2023 at 4:49 am

    Yes. VERY late.

  44. @mz4420

    December 19, 2023 at 4:49 am

    @cnbc – Your thumb nail has a spelling mistake 😂. WTF is RESTISTING?

  45. @989buzz

    December 19, 2023 at 4:49 am

    Let Toyota run it’s company the way they see fit. I believe ev’a does not solve the climate crisis completely. America s power grid
    can’t support ev’s when it goes mainstream. In New York our air conditioners bring our power grid to its knees. The rest of the world is far behind on an electric infrastructure to support ev’s. In my opinion hybrid technology is the way to go. Can you drive an electric car from New York to California , you can’t the infrastructure is not there.

  46. @gdragon36

    December 19, 2023 at 4:49 am

    Title spelling wrong “resisting” not “restisting”😂

  47. @nukestrom5719

    December 19, 2023 at 4:49 am

    Both Toyota and Honda are too late to the game, just like Ericson in the phone world. BYD seized the opportunity.

  48. @johnsonjjohnson100

    December 19, 2023 at 4:49 am

    Wow, talk about poor judgement
    These execs with their heads in the sand will be the downfall of a great company

    Kind of like saying the digital camera will never replace a film camera

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

Meerkat vs. Periscope: Live-Streaming Apps | Tech Bet | CNBC

Published

on

By



Is live-streaming going to be the next big thing that occupies everyone’s time on social media? Meerkat and Periscope, two new apps, are betting so. CNBC’s Dominic Chu compares the platforms.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Find CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC

Meerkat vs. Periscope: Live-Streaming Apps | Tech Bet | CNBC

source

Continue Reading

Tech

Meta’s more sophisticated AI model Muse Spark is here, with ‘contemplating’ mode

Published

on

By



Meta has quietly rolled out the most sophisticated version of its Muse Spark AI model, which deploys multiple agents to research and synthesize a consolidated answer. CNBC’s Julia Boorstin has more.

source

Continue Reading

Tech

Tesla And Former Camera Supplier, Mobileye Engage In Public Dispute | Tech Bet | CNBC

Published

on

By



Tesla chief executive fires back at Mobileye on safety concern accusations.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Find CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC

Tesla And Former Camera Supplier, Mobileye Engage In Public Dispute | Tech Bet | CNBC

source

Continue Reading

Tech

Google Built A Synthesizer That Uses A.I. — And You Can Make Your Own | CNBC

Published

on

By



You can’t buy Google’s latest hardware project, but you can 3-D print one.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Find CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC

Google Built A Synthesizer That Uses A.I. — And You Can Make Your Own | CNBC

source

Continue Reading

Tech

Why Hyundai’s Investing $26B In The U.S.

Published

on

By



The U.S. has become Hyundai’s most important country in its push for global growth. It has a $26 billion investment plan that goes through 2028 to continue building out its domestic manufacturing infrastructure as it aims to produce more vehicles in the U.S. CNBC auto reporter Michael Wayland spoke to the CEO of Hyundai to learn more.

Produced and Edited by: Ryan Baker
Camera by: Jeniece Pettitt
Reporter: Michael Wayland
Animation by: Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional Footage: Hyundai

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC

#CNBC

Why Hyundai’s Investing $26B In The U.S.

source

Continue Reading

Trending

On this website we use first or third-party tools that store small files (cookie) on your device. Cookies are normally used to allow the site to run properly (technical cookies), to generate navigation usage reports (statistics cookies) and to suitable advertise our services/products (profiling cookies). We can directly use technical cookies, but you have the right to choose whether or not to enable statistical and profiling cookies. Enabling these cookies, you help us to offer you a better experience.