That is indeed true. It was very easy to doubt Toyota, how and if hybrid vehicle will be successful, as it was a new technology and how to find capable suppliers and reshape the supply chain. But they proved everyone wrong and today HEVs are so successful e.g in Germany, for new vehicles registration (on average 3 million vehicles/year), HEVs have overtaken diesel cars with 19% share, whereas before VW diesel gate scandal in 2015, the diesel share was about 50%. With all that said, I am still of the opinion that Toyota deserve some criticism as they didn’t believe in the rise of emobility and reacted quite late for battery electric vehicles But I wish them all the best and I believe that they will make quite a strong comeback in the coming years with battery electric vehicles.
@@e-techvolution I think a lot of why Toyota has taken the position they have comes from what they learned from the Tesla powered RAV4. They aren't late to the game. They just play the game differently, and I think they are spot on.
@@davidwill1320 If they would have entered the BEVs as they did for Prius or TNGA Platform i.e. they took their time to develop without mentioning of any other joint partners - I would have agreed with you. However with e-TNGA (BEV Platform), they required partners such as BYD, Subaru, Suzuki, FAW to bring BEVs asap, and in doing so encountered a recall on all cars, Toyota bZ4X, is not very Toyota like and feels like they are making short cuts to not miss this sailing ship.
@@e-techvolution Toyota owns 20% of Subaru and 4.94% of Suzuki. Tesla is the only car company that has not been required to have a Chinese partner. All other OEMs must partner with a Chinese company to build cars in China, so nothing new here. Toyota has 12 vehicle and components factories in China. The Chinese government has made it clear Toyota, and other foreign OEMs, must start making EVs, if they want to tap the lucrative Chinese auto market, which is expected to grow from 20 million a year to 38 million by 2030. Why isn't Toyota bullish on EVs? All you have to do is look at the soaring cost, AND massive shortage, of battery raw materials. Then look at how long all these new battery manufacturing factories will take to come on-line and be at full capacity...3-5 years. Finally, look at how many hybrids Toyota can make with the same number of batteries it requires to produce one EV and it is easy to understand their strategy. You can't build EVs without batteries. You can't make batteries without raw materials and the factories to pump them out. AND, China has locked in half of the world's raw materials, something Toyota is very much aware of. Toyota, and other Japanese auto makers, have a strong foothold in Asia, Africa and South America, where the electric grids are not capable of supporting a mass adoption of EVs. In these regions of the world hybrids are the better option. Because of battery and infrastructure constraints, Toyota has concluded GLOBAL mass adoption of BEVs isn't going to happen nearly as fast as many assume. And, it is going to be a long time before they, or anyone else, can sell BEVs at a price that will attract mass global adoption. In fact, how many legacy OEMs are actually making a profit on their BEVs? Along with global infrastructure issues, Toyota has concluded that until battery cost goes way down and availability greatly improves, there is no global mass market for BEVs. For now it is all about compliance, while slowly refining BEV technology for the future when mass adoption, and profitable, BEVs is possible. While these other OEMs are all in on BEVs, Toyota and other Japanese OEMs have concluded there will be a strong market GLOBALLY for ICE and hybrid long after the others have stopped making them. As for recalls, all OEMs have them. A good example is the Bolt and it was not built in partnership. It was a supplier quality issue, which I strongly suspect is what happened at Toyota.
Thank you for the feedback. I tried to compare the competitors who are working on a scale similar to Toyota, i.e. production and sales, irrespective of which propulsion system i.e. hev, phev or ev. It was my first attempt at Toyota and being new to UA-cam, I wasn’t sure how much detail should I discuss in my video. Therefore your feedback is really appreciated and it is a good point and also a great idea about looking at China and how German OEMs are operating there. I will keep it in my mind for future videos.
@@jupitermoon3644 Indeed. A great idea and I will do a video on it as BYD in the next few weeks, as they are now expanding their business globally and they would become huge in the next few years. Thanks for the suggestion.
There was so much negative when the Prius was launched, but Toyota proved they were on the right track. Now people want to bad mouth Toyota again.
That is indeed true. It was very easy to doubt Toyota, how and if hybrid vehicle will be successful, as it was a new technology and how to find capable suppliers and reshape the supply chain. But they proved everyone wrong and today HEVs are so successful e.g in Germany, for new vehicles registration (on average 3 million vehicles/year), HEVs have overtaken diesel cars with 19% share, whereas before VW diesel gate scandal in 2015, the diesel share was about 50%.
With all that said, I am still of the opinion that Toyota deserve some criticism as they didn’t believe in the rise of emobility and reacted quite late for battery electric vehicles
But I wish them all the best and I believe that they will make quite a strong comeback in the coming years with battery electric vehicles.
@@e-techvolution I think a lot of why Toyota has taken the position they have comes from what they learned from the Tesla powered RAV4. They aren't late to the game. They just play the game differently, and I think they are spot on.
@@davidwill1320 If they would have entered the BEVs as they did for Prius or TNGA Platform i.e. they took their time to develop without mentioning of any other joint partners - I would have agreed with you. However with e-TNGA (BEV Platform), they required partners such as BYD, Subaru, Suzuki, FAW to bring BEVs asap, and in doing so encountered a recall on all cars, Toyota bZ4X, is not very Toyota like and feels like they are making short cuts to not miss this sailing ship.
@@e-techvolution Toyota owns 20% of Subaru and 4.94% of Suzuki. Tesla is the only car company that has not been required to have a Chinese partner. All other OEMs must partner with a Chinese company to build cars in China, so nothing new here. Toyota has 12 vehicle and components factories in China. The Chinese government has made it clear Toyota, and other foreign OEMs, must start making EVs, if they want to tap the lucrative Chinese auto market, which is expected to grow from 20 million a year to 38 million by 2030.
Why isn't Toyota bullish on EVs? All you have to do is look at the soaring cost, AND massive shortage, of battery raw materials. Then look at how long all these new battery manufacturing factories will take to come on-line and be at full capacity...3-5 years. Finally, look at how many hybrids Toyota can make with the same number of batteries it requires to produce one EV and it is easy to understand their strategy. You can't build EVs without batteries. You can't make batteries without raw materials and the factories to pump them out. AND, China has locked in half of the world's raw materials, something Toyota is very much aware of.
Toyota, and other Japanese auto makers, have a strong foothold in Asia, Africa and South America, where the electric grids are not capable of supporting a mass adoption of EVs. In these regions of the world hybrids are the better option. Because of battery and infrastructure constraints, Toyota has concluded GLOBAL mass adoption of BEVs isn't going to happen nearly as fast as many assume. And, it is going to be a long time before they, or anyone else, can sell BEVs at a price that will attract mass global adoption. In fact, how many legacy OEMs are actually making a profit on their BEVs?
Along with global infrastructure issues, Toyota has concluded that until battery cost goes way down and availability greatly improves, there is no global mass market for BEVs. For now it is all about compliance, while slowly refining BEV technology for the future when mass adoption, and profitable, BEVs is possible.
While these other OEMs are all in on BEVs, Toyota and other Japanese OEMs have concluded there will be a strong market GLOBALLY for ICE and hybrid long after the others have stopped making them.
As for recalls, all OEMs have them. A good example is the Bolt and it was not built in partnership. It was a supplier quality issue, which I strongly suspect is what happened at Toyota.
You did not mention any new competition from BYD or CATL. German auto makers now make China their home. Every thing is too late for the Japanese.
Thank you for the feedback.
I tried to compare the competitors who are working on a scale similar to Toyota, i.e. production and sales, irrespective of which propulsion system i.e. hev, phev or ev.
It was my first attempt at Toyota and being new to UA-cam, I wasn’t sure how much detail should I discuss in my video. Therefore your feedback is really appreciated and it is a good point and also a great idea about looking at China and how German OEMs are operating there. I will keep it in my mind for future videos.
@@e-techvolution Since you want to compare production and sales, it will be interesting if you can make a comparison between BYD and Toyota.
@@jupitermoon3644 Indeed. A great idea and I will do a video on it as BYD in the next few weeks, as they are now expanding their business globally and they would become huge in the next few years.
Thanks for the suggestion.