A complete shift to EVs could cost Japan millions of jobs, cautions Toyota CEO

Electric vehicles require fewer components than their ICE counterparts, resulting in less manpower requirement.
By : HT Auto Desk
| Updated on: 21 Sep 2021, 05:52 PM
Akio Toyoda is keen on using hybrid technology instead of complete electric vehicles.
Akio Toyoda is keen on using hybrid technology instead of complete electric vehicles.
Akio Toyoda is keen on using hybrid technology instead of complete electric vehicles.
Akio Toyoda is keen on using hybrid technology instead of complete electric vehicles.

The megatrends like electrification or automation in the automobile industry will result in massive job loss. The automobile industry experts have been raising this concern for quite some time. Now, Toyota Toyota CEO Akio Toyoda has reportedly echoed the same. He has warned that a complete shift to electric vehicles will result in millions of job losses in Japan, reports Automotive News.

Similar Cars

Find More Cars
Tata Tigor Ev (HT Auto photo)
Tata Tigor Ev
Electric | Automatic
₹11.99Lakhs*Onwards
Tata Altroz Ev (HT Auto photo)
UPCOMING
Tata Altroz Ev
₹ 12 to 15 Lakhs Expected Price*
Tata Nexon Ev (HT Auto photo)
Tata Nexon Ev
Electric | Automatic
₹13.99Lakhs*Onwards
Tata Nexon Ev Max (HT Auto photo)
Tata Nexon Ev Max
Electric | Automatic
₹17.74Lakhs*Onwards
Mg Zs Ev (HT Auto photo)
Mg Zs Ev
Electric | Automatic
₹21Lakhs*Onwards

(Also Read: Skoda CEO underlines an 'all-electric future' for company)

The Japanese government is ambitiously pushing the auto industry for carbon neutrality by 2050. This is driving auto manufacturers to invest heavily in EVs. Toyoda raised his concern while talking about it. He believes that a radical shift to EVs could cripple the Japanese manufacturing industry.

“Japan is an export-reliant country. Thus, carbon neutrality is tantamount to an issue of employment for Japan. Some politicians are saying that we need to turn all cars into EVs or that the manufacturing industry is an outmoded one but I don’t think that is the case. To protect the jobs and lives of Japanese people, I think it is necessary to bring our future in line with our efforts so far," Toyoda said.

Japan currently manufactures around 10 million vehicles every year. Around 50% of that are exported to overseas markets. Forecasts predict that Japan could be producing 8 million vehicles annually with ICE, hybrids and PHEVs in the 2030s.

“This means that production of more than 8 million units would be lost, and the automotive industry could risk losing the majority of 5.5 million jobs," Toyoda pointed. He also said that if internal combustion engines can be termed impossible to produce, the auto industry would not be able to produce almost any vehicles.

Toyoda believes that hybrid vehicles are an important bridge technology between ICE and EVs. He also believes that hybrid vehicles are particularly important in markets without a sizeable charging infrastructure.

First Published Date: 21 Sep 2021, 05:52 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city