Toyota President Akio Toyoda Admits Fear of Electric Cars

Akio Toyoda, president of Toyota, has voiced significant apprehension about the industry's widespread shift towards battery electric vehicles (BEVs), stating, "Everyone is turning to BEVs, that's my biggest fear."

Toyoda, who openly admits his love for the smell and sound of gasoline engines, feels increasingly alone in his advocacy for internal combustion engines (ICE). "Three or four years ago, I was the only one telling the media that I love the smell of gasoline, I love the sound and I love engines, and I want to keep jobs for engine suppliers. But it seems I am the only one. I feel very lonely," he said.

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Everyone is turning to BEVs, that's my biggest fear.

Despite the global trend, Toyota is maintaining a diverse approach to powertrain development. The company is actively working on the full spectrum, including hydrogen fuel cell electric vehicles (FCEVs) and hydrogen-powered ICEs, alongside its continued production of traditional gasoline engines. This strategy contrasts sharply with many competitors who are accelerating their EV development, sometimes at the cost of billions of dollars.

This commitment to ICE and alternative fuels is also reflected in Toyota's performance vehicle division. Reports suggest the next generation of the GR Yaris could become a powerful hybrid. It might combine a new 2.0-liter turbocharged four-cylinder engine with a small battery and electric motor, potentially delivering up to 394 horsepower. This move indicates Toyota's intention to blend performance with evolving efficiency standards, rather than abandoning traditional engine technology entirely.

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Three or four years ago, I was the only one telling the media that I love the smell of gasoline, I love the sound and I love engines, and I want to keep jobs for engine suppliers. But it seems I am the only one. I feel very lonely.