The Auto Industry?s Biggest Winners and Losers of 2023
Looking back on 2023, it?s a year where General Motors? electric vehicles (EVs) have yet to appear, even as other automakers bring EVs to market. It is also a year where Level 3 autonomous automobiles appeared on the streets of America for the first time, even as autonomous-driving robotaxis were pulled from the streets of the Southwest. And, having been criticized as old-fashioned and out-of-touch, Toyota Chairman Akio Toyota?s pronouncements about the emerging EV market proved prophetic. Here?s a look at this year?s winners and losers across the auto industry.
The Biggest Auto Industry Winners of 2023
For some automakers, 2023 was a year to celebrate. Several of the world’s most prominent manufacturers racked up big wins during the year, despite the challenges 2023 brought.
Toyota
For years, Akio Toyoda has railed against the automotive industry?s lockstep march toward a future dedicated to the battery-electric vehicle, saying that the industry should offer a variety of solutions, including gas-electric hybrids. Toyoda also insisted that there are other ways to produce more environmentally friendly cars, and other avenues to becoming carbon neutral than battery-electric vehicles. Toyoda was seen as out of step and as trying to hawk the driveline that his company excels in, even as the company failed to introduce EVs in any meaningful volume.
But 2023 saw the industry accept hybrids as an ideal intermediary step towards full electrification...
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