Toyota CEO: Japan’s jobs will be lost if EV adoption is rapid

Toyoda argued that as long as there is an overall reduction, there should be more freedom on which techniques should be used.


Toyota has been against EVs for a long time

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Toyota has been against EVs for a long time

Toyota CEO and Toyota family scion Akio Toyoda has long been against electric vehicles, and now he has spoken out against them again, claiming that many jobs could be lost if the market went all-in on EVs. . He estimated that 5.5 million jobs could be lost and 8 million units of production could be lost by 2030. He said this at a meeting of the Japan Automobile Manufacturers Association (JAMA), where he was joined by executives from companies like Honda, Yamaha and Isuzu. He also said the green manufacturing targets proposed by Europe have prompted regulators in Japan but believes these are unsustainable. The Japanese government plans to achieve net carbon neutrality by 2050, by including EVs and banning cars based on internal combustion engines.

“Japan is an export-dependent country. Thus, carbon neutrality is akin to an employment issue for Japan. Some politicians are saying that we need to convert all cars to EVs or that the manufacturing industry is an old one. But I I don’t think this is the case. In order to protect the jobs and lives of the Japanese people, I think it is necessary to bring our future in line with our efforts,” he said.

He said organizations would be forced to either move the production of internal combustion engine cars overseas or eliminate it altogether. This will result in huge job cuts.

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Toyota will spend more than $13.5 billion to develop EV batteries and supply systems by 2030

“This means that more than 8 million units of production will be lost, and the automotive industry could risk losing most of the 5.5 million jobs. If they say that internal combustion engines are the enemy, then we can use almost any vehicle. will not be able to produce,” he announced.

Toyoda argued that as long as there is an overall reduction, there should be more freedom on which techniques should be used.
“In achieving carbon neutrality, the enemy is carbon dioxide, not internal combustion. To reduce carbon dioxide emissions, it is necessary to take practical and sustainable initiatives tailored to different situations in different countries and regions,” he argued.

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He even said that hybrid vehicles will play a significant role in achieving carbon neutrality. They believe that since they were cheaper than EVs they will have wider penetration.

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