Why is Toyota Pushing Congress to Move Away from EV-Friendly Policies?

Toyota was once ahead of the competition when it came to electrified vehicles, but times have changed and they’ve certainly lost their edge. In recent news, you will find that the automaker has been pushing Congress to slow down when it comes to adopting policies that will put more EVs on the road.

Yes, that’s right. Toyota has fallen behind when it comes to EVs and now they want to slow down the transition to an all-electric future by lobbying policymakers in Washington, DC. Isn’t that disappointing?

Regardless of politics, the Biden administration has plans to spend billions on the auto industry in an effort to speed up the transition to EVs. This will help automakers create the cars of the future, and ultimately give consumers more affordable EV options, as not everyone can afford a Tesla.

According to the New York Times, Toyota executive Chris Reynolds has been arguing that hydrogen-powered fuel cell vehicles and hybrids should also be in the mix. But why should companies invest in hybrid technology when they should be going all-in to compete and give the consumers what they want? Wouldn’t that be a waste of company resources?

Toyota has done this before, as they have argued against EV-friendly policies in both Japan and India. It’s interesting that the world’s largest automaker has to do something like this, instead of simply investing in the right technology to build all-electric cars.

GM is doing it. Ford is doing it. BMW is doing it. Tesla made it all a reality – while being doubted by investors and going against the auto and oil industry. Toyota makes reliable vehicles, with great engines – are they afraid they can’t live up to their reputation with all-electric vehicles?

So why is Toyota pushing Congress to stall the transition to an all-electric future? It seems inevitable, and by stalling – automakers will only lose money in the process. Smart automakers are already working on the technology to compete in an all-electric future, and the ones that waste time with hybrid-only tech will most certainly get left behind.

Source: The New York Times