Toyota Chairman Forecasts Electric Vehicles Will Capture Only 30% of Market Share

This week, an executive from a company has expressed his belief that battery electric vehicles (BEVs) will not surpass gas vehicles in popularity. The former Toyota CEO and current chairman, Akio Toyoda, has reiterated this belief in a recent statement on the automaker’s media site. Toyoda predicts that BEVs will only reach a 30-percent market share and asserts that engines will continue to be prevalent.

These statements come in the midst of criticism towards Toyota for its slow adoption of zero-tailpipe-emission technology. The automaker has been emphasizing the importance of gas cars and hybrids, despite the growing demand for electric vehicles.

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