Ontario has much at stake in Japan’s losing EV race. Japan has ceded its leadership in consumer electronics. It’s in no one’s interest it follow that path in autos, not least the Ontario communities with a stake. Opinion by TheGrtRecession
Japan is at risk of losing the race in all-electric vehicles . And that poses a danger for southern Ontario, with its three Japanese auto plants.only three are Japanese vehicles.
To be sure, most automakers still produce hybrids. And the Japanese industry makes some first-rate battery electric vehicles. It’s a matter of emphasis. In de-emphasizing battery electric vehicles, the Japanese industry risks sidelining itself in a $2.6-trillion auto industry that is adopting the technology at an accelerating pace.
In fairness to the decision makers in Tokyo and Toyota City, hardly anyone anticipated the recent increase in battery electric vehicle adoption rates. The battery electric vehicle adoption rate for the European Union, which has banned the sale of internal combustion engines and hybrids by 2035, is closing in on 30 per cent by 2025.
In last year’s weak North American market for auto sales, Canadian sales of Toyota vehicles dropped by 12 per cent, while Ford sales dipped by just one per cent.
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