Going All Electric Is Not The Best Choice For The Environment: Toyota
Portfolio Pulse from Nabaparna Bhattacharya
Toyota Motor Corporation warns that focusing solely on battery electric vehicles (BEVs) as a cleaner car alternative could lead some drivers to hold onto polluting vehicles. The company believes gasoline-electric hybrids, like the Toyota Prius, are a more realistic choice for reducing climate change hazards in some markets.
May 19, 2023 | 12:56 pm
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NEGATIVE IMPACT
Suzuki Motor Co.'s partnership with Toyota on a prototype mini-commercial electric van may be affected by Toyota's stance on BEVs.
Suzuki's partnership with Toyota on a prototype mini-commercial electric van may be affected by Toyota's stance on BEVs. This could lead to a negative short-term impact on Suzuki's stock price as investors may question the partnership's future direction.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Toyota's stance on hybrids over BEVs may impact its market position and stock price.
Toyota's warning against focusing solely on BEVs and advocating for gasoline-electric hybrids may impact its market position as other automakers invest heavily in BEVs. This could lead to a negative short-term impact on Toyota's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100