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Toyota Motor

Climate idea

Petrol or electric car makers, which is the best investment option?

Electric vehicles are becoming more technologically advanced, affordable, and accessible as manufacturers ramp up production. In addition, the growth in charging infrastructure is making it more convenient to own EVs. ESG and sustainability initiatives are also accelerating EV adoption while investors bet on advancements in EV battery technologies. For instance, in September 2023, Toyota announced new liquid electrolyte battery technologies to achieve higher power, longer driving range, faster charging, and lower cost. Advancements in autonomous driving technologies especially in advanced driver-assistance systems could accelerate in 2024 leading to higher sales and profits for EV manufacturers. Companies developing superior digital technologies that add software-based entertainment, safety, work support, and integration with smart grids may gain a bigger market share in 2024 as the global population becomes increasingly digitised.

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31 more agrees trigger contact with the recipient

  • George Kariuki

    9 w

    These companies may pivot towards hybrid models or invest in cleaner fuel technologies to align with sustainability goals.

    • Esther Wanjiku

      10 w

      The toyota motor company has been on the right trajectory with manufacture of electric vehicles. I hope this idea reaches them

      • Munene Mugambi

        10 w

        The market forces decide on such factors and I feel more people are leaning on the electric side as we go on

      • Joseph Githinji

        10 w

        Happy to see great investment in electric vehicles which translates to more clean energy use in the transport sector and reduced pollution.

        • dickson mutai

          10 w

          Investing in electric cars and car makers seems promising to me with advancing technology and growing EV adoption

          • Ann Nyambura

            2 w

            @dickson_mutai Abosuletly! It's a win-win scenario for investors looking to support environmentally conscious initiatives while potentially earning attractive returns in a rapidly evolving industry.

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