Japanese automakers Toyota, Nissan and Honda are the least prepared for a zero-emission vehicle transition compared with their global competitors, according to research released from climate think tank InfluenceMap.
By 2029, just 14 percent of Toyota’s worldwide production is forecast to be full-electric vehicles, rising to 18 percent for Honda and 22 percent for Nissan, according to the study, which is based on an examination of future production data from IHS Markit.
That compares with South Korea’s Hyundai, which is forecast to achieve 27 percent EV production levels globally by 2029 and Ford. and Volkswagen Group, at 36 percent and 43 percent respectively.