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<blockquote data-quote="Weather Man" data-source="post: 16543376" data-attributes="member: 137766"><p>When does everyone plug in? At night, no solar, light winds. Solution, we'll build massive ****ing lithium battery storage sites to hold 1,000's of megawatts of power. So, we'll generate green power, send it to big ****ing battery parks and then retransmit the power at night. Sounds perfectly ****ing efficient to me, even better, we'll assume we generate and transmit the power at 100% efficiency with no loss when figuring the EV mileage.</p><p></p><p><span style="font-size: 22px"><strong>Electric vehicles are overhyped, Toyota top exec says</strong></span></p><p>Dec. 17, 2020 10:51 PM ET<a href="https://seekingalpha.com/symbol/TM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3ATM" target="_blank">Toyota Motor Corporation (TM)</a><a href="https://seekingalpha.com/author/sa-editor-carl-surran?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name" target="_blank">By: Carl Surran</a>, SA News Editor<a href="https://seekingalpha.com/news/3645593-electric-vehicles-are-overhyped-toyota-top-exec-says#comments" target="_blank">53 Comments</a></p><ul> <li data-xf-list-type="ul">Toyota (NYSE:<a href="https://seekingalpha.com/symbol/TM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">TM</a>) President Akio Toyoda criticizes what he considers as <a href="https://www.wsj.com/articles/toyotas-chief-says-electric-vehicles-are-overhyped-11608196665?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">excessive hype over electric vehicles</a>, saying converting entirely to EVs could cost hundreds of billions of dollars and make cars unaffordable for average people.</li> <li data-xf-list-type="ul">Japan would run out of electricity in the summer if all cars were running on electric power, and the infrastructure needed to support a fleet consisting entirely of EVs would cost Japan as much as ¥37T (~$358B), Toyoda told a news conference in his capacity as chairman of the Japan Automobile Manufacturers Association.</li> <li data-xf-list-type="ul">If Japan is too hasty in banning gasoline-powered cars, "the current business model of the car industry is going to collapse," causing the loss of millions of jobs, he said.</li> <li data-xf-list-type="ul">Toyoda said he fears government regulations would make cars a "flower on a high summit," out of reach for the average person.</li> <li data-xf-list-type="ul">Despite Tesla's success with BEV developments, Toyota continues to insist that BEVs are not yet ready, a stance that suggests caution about investing in Toyota at this time, Keith Williams writes in an <a href="https://seekingalpha.com/article/4392733-toyotas-hybrid-focus-continues-and-bevs-get-neglected?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">analysis published recently on Seeking Alpha</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16543376, member: 137766"] When does everyone plug in? At night, no solar, light winds. Solution, we'll build massive ****ing lithium battery storage sites to hold 1,000's of megawatts of power. So, we'll generate green power, send it to big ****ing battery parks and then retransmit the power at night. Sounds perfectly ****ing efficient to me, even better, we'll assume we generate and transmit the power at 100% efficiency with no loss when figuring the EV mileage. [size=6][b]Electric vehicles are overhyped, Toyota top exec says[/b][/size] Dec. 17, 2020 10:51 PM ET[URL='https://seekingalpha.com/symbol/TM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3ATM']Toyota Motor Corporation (TM)[/URL][URL='https://seekingalpha.com/author/sa-editor-carl-surran?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name']By: Carl Surran[/URL], SA News Editor[URL='https://seekingalpha.com/news/3645593-electric-vehicles-are-overhyped-toyota-top-exec-says#comments']53 Comments[/URL] [LIST] [*]Toyota (NYSE:[URL='https://seekingalpha.com/symbol/TM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']TM[/URL]) President Akio Toyoda criticizes what he considers as [URL='https://www.wsj.com/articles/toyotas-chief-says-electric-vehicles-are-overhyped-11608196665?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']excessive hype over electric vehicles[/URL], saying converting entirely to EVs could cost hundreds of billions of dollars and make cars unaffordable for average people. [*]Japan would run out of electricity in the summer if all cars were running on electric power, and the infrastructure needed to support a fleet consisting entirely of EVs would cost Japan as much as ¥37T (~$358B), Toyoda told a news conference in his capacity as chairman of the Japan Automobile Manufacturers Association. [*]If Japan is too hasty in banning gasoline-powered cars, "the current business model of the car industry is going to collapse," causing the loss of millions of jobs, he said. [*]Toyoda said he fears government regulations would make cars a "flower on a high summit," out of reach for the average person. [*]Despite Tesla's success with BEV developments, Toyota continues to insist that BEVs are not yet ready, a stance that suggests caution about investing in Toyota at this time, Keith Williams writes in an [URL='https://seekingalpha.com/article/4392733-toyotas-hybrid-focus-continues-and-bevs-get-neglected?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']analysis published recently on Seeking Alpha[/URL]. [/LIST] [/QUOTE]
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