Toyota CEO: This New Engine Will Destroy the Entire EV Industry [video]
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Seriously though, can't Toyota just admit they bet on the wrong horse?
Hydrogen has many downsides compared to batteries, it will never displace BEVs for most regular cars. Perhaps it can make sense for some applications but it will never destroy the entire EV industry. Not even close.
Everyone has an electrical outlet at home. No one has a hydrogen plant at home.
The simple convenience of waking up and having a full "tank" can't be overstated.
Though with cars getting longer ranges it's less of an issue. We got a new BEV recently and even though we have a charger at home we're down to charging once or twice a week for the most part.
Even taking it at face value, they conveniently gloss over the power requirements of electrolysis.