Carbon credits are an absolute scam but EVs are also not going to get mass adoption and aren't going to replace ICE cars until used EVs are a thing without needing to replace the battery for the price of a whole car. So I can see why Toyota wouldn't be too interested in EVs, the tech for them isn't there for global adoption and is still a niche market.
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Wait what?
EVs are not going to be mass adopted until EVs are mass adopted and there are second hand electric vehicles. The logic of that one just goes round in circles.
Also who on earth is replacing the batteries on electric vehicles after 5 years of ownership? They will still be at about 80% capacity which is more than enough for most needs, no one's requiring the replacement of batteries on these cars what are you want about?
The tech for affordable replacement batteries isn't there and most used cars sold here are 10 years old at least.
If you're buying a used car for 5000 and you know that at some point you need to cough up 10k to replace the battery you aren't buying an EV.
I sold my car after I moved to the city since I can get everywhere by tram but take my dad for example: He bought a used van about 15 years ago and he isn't going to replace it any time soon. If an EV can't last 20 years without a 10k investment in the middle it just won't be an attractive option. There are still cars from the 70s on the streets here and unless batteries become affordable that isn't changing.