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Top carmaker Toyota defends skipping COP26 emissions pledge
By Etienne BALMER
Tokyo (AFP) Nov 10, 2021

Toyota defended a decision not to sign an emissions pledge proposed during the COP26 climate talks on Wednesday, saying its global business would make the commitment "difficult".

Ford, Mercedes-Benz, General Motors and Volvo Cars were among the auto giants that said they would "work towards reaching 100% zero emission new car and van sales in leading markets by 2035 or earlier".

Various national and local governments, companies and investors in the transport sector also signed the policy paper released by Britain ahead of an announcement at the Glasgow summit.

But Toyota -- the world's top-selling carmaker -- has not signed the pledge, with Volkswagen, Hyundai-Kia, Stellantis and the Renault-Nissan alliance also absent from the list.

In an interview with AFP on Wednesday, Kohei Yoshida, a general manager at Toyota ZEV Factory, the group's dedicated zero-emissions vehicle division, said there were "many ways to approach carbon neutrality" other than the deal.

"It's very important to make sure that we have all countries and regions, different environments and different places in mind," he said.

It will take time to establish infrastructure for electric, battery and fuel-cell vehicles in developing economies such as those in Africa and Latin America, Yoshida explained.

Toyota said in a statement that it was "difficult for us to commit to the joint statement at this stage".

But Yoshida stressed that the firm respects the COP26 discussions.

"More important than having a joint statement is the fact that each and every player is taking up the challenge and trying to make efforts towards carbon neutrality," he said.

The Japanese firm, which last week hiked its annual profit forecast, said in September it would invest 1.5 trillion yen ($13.2 billion) in batteries for electric and hybrid cars by 2030.

It has also pioneered vehicles that burn hydrogen -- much hyped as a green fuel, as it emits just water vapour, although the way most of the gas is currently made produces harmful emissions.

Yet the market for such cars remains small: since Toyota launched its hydrogen fuel-cell Mirai car in 2014, it has only sold 17,000 units.

That pales in comparison to the 9-10 million vehicles it sells overall each year, including almost two million hybrid cars in 2020.

While hybrid vehicles are increasingly popular worldwide, they have been criticised by environmental campaigners, with Greenpeace saying plug-in hybrids only reduce emissions by an estimated one-third compared to petrol or diesel cars.

However, Toyota believes hybrids "will be a very important way to realize carbon neutrality" in developing economies by boosting energy efficiency, Yoshida said.

The COP26 auto emissions pledge commits governments to work towards all sales of new cars and vans being zero-emission globally by 2040, and no later than 2035 in leading markets.

etb/kaf/lb

TOYOTA MOTOR

VOLVO CARS

VOLKSWAGEN

FORD MOTOR

GENERAL MOTORS

Stellantis


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DoorDash takes aim at Europe with purchase of Wolt
San Francisco (AFP) Nov 10, 2021
DoorDash has added Europe to its menu with the purchase of Finland-based food delivery firm Wolt in an all-stock deal valued at $8.1 billion, the company announced Tuesday. The news came the same day DoorDash reported that its revenue grew 45 percent to $1.3 billion in the recently ended quarter but that its loss more than doubled to $101 million when compared with the same period last year. "DoorDash and Wolt share a vision to build a global platform for local commerce that empowers the communi ... read more

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