Toyota’s new boss faces rapidly accelerating competition in the EV race
Akio Toyoda, above, said last week that he was handing the reins at Toyota to a successor. Koji Sato will take over in April as president and CEO, while Mr. Toyoda will become chairman.Toyota ’s chief executive always said he wasn’t a skeptic about electric vehicles—he was a realist.
” of people in the auto industry who questioned a single-minded focus on EVs. He argued that hybrid gas-electric vehicles like Toyota’s Prius could be just as environmentally friendly, and said other companies were pushing consumers to make a leap into EVs that they might not be ready for, without a charging infrastructure fully in place.
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