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this post was submitted on 28 Nov 2023
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The market hasn't gone far yet, but it is moving. Toyota's ten year forecasts will all have DOOM written across them in a 48 point red font.
There's quite a few places planning on banning internal combustion engine vehicles by 2035, and that's Toyota's entire business. And vehicle design and production timelines are long - the amount of time before the wave of bans come in is getting close to the amount of time it takes to get a vehicle from initial idea to mass deliveries.
Yeah, it's a possibility but I'm incredibly skeptical that the bans will actually be implemented by those dates. It's real easy to make a claim about the future, but it's another to actually follow through with it. At the pace charging networks and grid upgrades are rolling out, I don't think we'll be ready even 20 or 30 years in the future.