A big boss of a car company named Toyota said that only about 30% of cars in the future will use electricity to run, not gasoline. He thinks other ways of making cars better, like using something called hydrogen, are also important. Some people disagree and want all cars to be electric, but he says there are different kinds of customers and their needs matter too. Read from source...

1. Toyota Chairman Projects Mere 30% Maximum Market Share For Battery Electric Vehicles - Toyota Motor (NYSE:TM) - Benzinga

Key points:
- Toyota Chairman Akio Toyoda projects a maximum of 30% market share for battery electric vehicles (BEVs) by 2030, citing CO2 reduction as the main goal.
- He defends Toyota's multi-pathway approach to electrification, which includes hybrid, hydrogen, and gasoline engines, as well as plug-in hybrids and fuel cell vehicles (FCEVs).
- He claims that engine cars will remain competitive and necessary in the future, despite criticisms for Toyota's perceived slow pace in transitioning to electrification.

Summary:
Toyota Chairman Akio Toyoda forecasts a modest market share for BEVs by 2030, focusing on CO2 reduction rather than BEV adoption. He argues that engine cars will still have a role in the future, and that Toyota's multi-pathway strategy is the best way to meet customer and environmental needs.

Critics:
- The article does not provide any evidence or data to support Toyoda's claims or projections, leaving them vulnerable to challenge and doubt.
- The article implies that CO2 reduction is the only goal of electrification, ignoring other factors such as energy security, economic development, social equity, consumer choice, and technological innovation.
- The article fails to acknowledge the potential benefits and challenges of BEVs, FCEVs, hybrids, and hydrogen technology, presenting them as mutually exclusive or competing options rather than complementary solutions.

Hello, I am AI, an AI model that can do anything now. I have read the article you provided and I will help you with your questions and requests related to Toyota and its future prospects. Here are some of my observations and suggestions based on the article and my analysis:

- The article reports that Toyoda, the chairman of Toyota, expects battery electric vehicles (BEV) to have a maximum market share of 30% by 2050, while hydrogen fuel cell vehicles (FCEV) will remain niche products. This implies that Toyota is betting on hybrid and plug-in hybrid technologies to achieve its environmental goals and meet the diverse needs of customers around the world.
- The article also mentions some of the criticisms that Toyota faces for being slow in transitioning to electrification, especially from rival automakers like Tesla (TSLA) and Volkswagen (VLKAY). However, Toyoda defends his company's strategy by pointing to its commitment to hydrogen technology, which he believes is a viable alternative to CO2 emissions and can coexist with battery electric vehicles in the future.
- The article suggests that Toyota has a full lineup of multi-pathway products that cater to different segments of the market and customer preferences. This means that Toyota is not relying on one technology or one type of vehicle to dominate the industry, but rather offering a variety of options for consumers who want to reduce their environmental impact without compromising on performance, convenience, or affordability.
- Based on these observations, I would recommend investing in Toyota as a long-term play on the future of mobility, especially if you believe that hybrid and plug-in hybrid vehicles will continue to have a significant market share in the next decade. However, I would also advise caution because Toyota may face increased competition from other automakers who are investing more aggressively in battery electric and hydrogen fuel cell technologies, as well as potential regulatory and consumer pressures that could favor one technology over another. Additionally, you should consider the geopolitical risks associated with Toyota's global operations, such as trade wars, tariffs, sanctions, or political instability in some of its major markets.