Most 1st-world countries are following Norway's electric car "S-shape" graph, at a slower pace maybe, but the same graph shape nonetheless.
In 2023, Norwegians bought 82% of pure electric cars, 8% of plug-in hybrids, 6% of old hybrids, 4% for the rest.
Everything points towards the fact that most 1st-world countries will follow that trend.
What kind of horse blinders are Toyota executives wearing?