Full electrification of the car market is still a long way off
"Consumers dictate the pace of electrification in the car market," Toyota Motor said in response to criticism that the company has been too slow in introducing electric cars. Toyota says it is constantly analyzing the market and the needs of its customers.
During its annual shareholder meeting, the company's management noted that it will continue to produce cars with internal combustion engines and hybrid units for the time being. Toyota also believes that full electrification is not possible due to the shortage of chips.