Toyota Motor: Akio Toyoda answers questions about carbon neutrality from American journalists | MarketScreener

Let me explain Toyota’s approach to carbon neutrality in terms of the past, present and future.

For the past 20 years, Toyota has led the pack. We have an advantage in hybrid electric vehicles (HEVs), of which we have already sold more than 5.2 million in North America.

These 5.2 million vehicles reduced CO2 emissions by 82 million tonnes. Since this number can be hard to grasp, I checked what it really means.

That’s the equivalent of 10.5 million households. If it’s still unclear, that’s the equivalent of eliminating a year’s worth of emissions from every household in Texas.

Toyota is a global company that offers a full line of products, including HEVs, plug-in hybrid electric vehicles (PHEVs), fuel cell electric vehicles (FCEVs), and BEVs. We still consider ourselves an industry leader in providing all of these options.

In December 2021, we announced our BEV strategy. In terms of volume, our goal by 2030 is to sell 3.5 million BEVs. Toyota sells 10 million cars a year, leading some to wonder why our target is “only 35%”.

As I mentioned, Toyota’s strength lies in offering a complete product line on a global scale. Looking around the world, we can see that over a billion people lack access to adequate electricity supply due to a lack of infrastructure.

Toyota sells cars in more than 200 countries and regions, with the vision of bringing freedom of mobility to everyone. Our philosophy is that we don’t want to leave anyone behind.

I cannot predict the future. However, I believe we can shape the future through the actions we take now.

Likewise with carbon neutrality, while continuing to build on the preparations we have made in the past, I believe Toyota’s present and future are determined by the market and our customers.

As long as we don’t lose sight of that, I think we can stay ahead of the game.

To add one last thing, we’re a car manufacturer and I’m a car guy. I like cars. I also realize that car manufacturers are increasingly waiting to create the mobility of the future.

We hope you rejoice in the future created by car enthusiasts like me.

Disclaimer

Toyota Motor Corporation published this content on November 22, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on November 22, 2022 7:11:12 PM UTC.

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Sales 2023 36,749B
260B
260B
2023 net income 2,730B
19,315 million
19,315 million
Net debt 2023 19 156 B
136B
136B
PER 2023 ratio 10.3x
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198B
198B
EV / Sales 2023 1.28x
EV / Sales 2024 1.23x
# of employees 372,817
Floating 69.9%

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