Akio Toyoda stepped down from his role as CEO of Toyota earlier this year, in the wake of questions over his leadership resulting from the company's slow adoption of EVs. Now the company's chairman, he says that slowing sales vindicate his resistance to EVs, and that people are finally seeing reality about the technology. The CEO pointed to slowing growth in the U.S. as proof that his company's reticence towards EVs was correct.
Read: Toyota Named Third Most Obstructive Company Towards Climate Improvement Efforts However, it's not just regulators who are pushing for electric vehicles, investors increasingly see the technology as the future, following the success of Tesla. Toyoda's successor as CEO, Koji Sato, has made developing affordable EVs a priority and, at the Japan Mobility Show, the automaker showed a pair of upcoming all-electric concepts.