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Electric cars will never dominate market, says Toyota

Electric cars will never account for more than a third of the market and consumers should not be forced to buy them, the boss of Toyota has said.

Akio Toyoda, chairman of the world’s biggest carmaker by sales, said that electric vehicles (EVs) should not be developed to the exclusion of other technologies such as the hybrid and hydrogen-powered cars that his company has focused on.

Speaking to employees in a question and answer session, Mr Toyoda called for a “multi-pathway approach”, adding: “The enemy is CO2.”

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