Critics worry that early stalling on electric vehicles could cause the wheels to fall off the Japanese auto industry. Carmakers are now revving to catch up
s out of 10.5m total sales in 2022. Sales of Toyota’s first fully electric model, an, had to be paused last summer due to defects that caused the wheels to fall off.s could cause the wheels to fall off the Japanese auto industry as a whole. Some see parallels with semiconductors and consumer electronics, industries where Japanese firms were initially dominant, then missed important trends abroad and ended up losing out to nimbler competitors.
“We will thoroughly implement electrification, which we can do immediately,” Mr Sato said. Honda has plans to launch 30joint venture with Sony last year; the company pitched a corporate reorganisation taking effect this month as an “electrification acceleration”. In February, Nissan announced it would release 19 newEVputs it, it is a classic case of the innovator’s dilemma.
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