Can the World’s Largest Carmaker Handle the ESG Pressure?
Andrew Stolz
NOVEMBER 21, 2021
In 2020, the Japanese gov’t announced the intention to ban gasoline-powered cars by 2030. Toyota has announced to allocate US$13.5bn by 2030 to the development of EV batteries. Competitors like VW and GM only achieve EBIT margin between 5 and 7%. Akio Toyoda responded that large parts of the world are not ready for EV yet.
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