Toyota predicts EVs will only capture 30 per cent of future auto industry

The global chairman of Toyota Akio Toyoda has said that battery-powered electric cars will only account for 30 per cent of the future auto industry at most. Mr Toyoda said that the rest of the market is going to be taken up by hybrids, hydrogen fuel cells and fuel-burning cars. Mr Toyoda added that the market should be determined by customers and not "regulatory values or political power". Sky News host Caleb Bond discussed Toyota's latest prediction on electric cars. Mr Bond said Australia needs a "reality check" as the government continues to push electric cars onto consumers despite the technology and demand not being there compared to hybrids and fuel-burning cars to meet its net zero target.