Shulou(Shulou.com)11/24 Report--

CTOnews.com8, March 19, with the continuous development of the electric vehicle industry, there is more and more discussion about pure electric vehicles and hybrid models. Musk, founder of Tesla, recently said that hybrid models should be eliminated. A Toyota executive has a different point of view.

Jack Hollis, executive vice president of Toyota's North American sales, said in an interview Thursday local time that consumers may not switch from conventional fuel vehicles to all-electric cars as quickly as some automakers expected, and hybrid models may be a better solution for many consumers, the Wall Street Journal reported today.

Jack Hollis believes that the current electric car market is not mature enough, and that the high price of electric vehicles and poor public charging infrastructure may make electric cars less acceptable to consumers other than early customers. In addition, electric car companies are likely to further raise the price of electric vehicles as the prices of raw materials such as lithium, cobalt and other key battery materials rise.

Jack Hollis says Toyota will continue to develop hybrid models in the short term because they tend to be more affordable and do not give consumers the mileage anxiety of driving all-electric cars. Jack Hollis believes that hybrid models are more likely to attract consumers in the market than pure electric models.

In addition, although Jack Hollis is pessimistic about the pure electric car market in the short term, he believes that the future must be dominated by pure electric vehicles, and Toyota is preparing for the explosion of the pure electric car market. At the end of last year, Toyota announced that it would produce 3.5 million electric vehicles a year by 2030.

CTOnews.com learned that the Indonesian Ministry of economy said at the end of July that Toyota plans to invest 27.1 trillion rupees ($1.8 billion) in Indonesia over the next five years to produce electric vehicles (EV). Toyota will follow the local government's electric vehicle plan and invest in stages, starting with the development of hybrid vehicles.

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