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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World Toyota offers cautious outlook on electric cars AFP - Saturday, November 13 Send IM Story Print Toyota offers cautious outlook on electric cars Slideshow: Full Photo Coverage: Business & Economy TOKYO (AFP) - – Toyota president Akio Toyoda on Friday offered a cautious outlook on the market for environmentally friendly electric vehicles that rivals are scrambling to produce. Toyoda, in a joint media event in Tokyo with US electric carmaker Tesla Motors, said the future of the electric vehicle market remained unclear, with the creation of a convenient recharging system being a major obstacle. "At any time, customers and the society decide (the market trend). Honestly, I don't know how the market will shape up," Toyoda told reporters. "We want to be a manufacturer that can meet the demand of our customers when they say 'We like it this way,'" he said. Setting the common standard for batteries and charging systems is crucial for greater use of electric vehicles, Toyoda said. The comment came as Toyota prepares to showcase its "RAV4 EV" at a Los Angeles auto show this month, an all-electric version of Toyota's RAV4 sports utility vehicle with Tesla's powertrain. Toyota Motors, which owns a 50-million-dollar stake in Tesla, has declined to discuss production details about the planned vehicle, scheduled for market release in 2012. Toyoda also kept mum when asked whether the auto giant had plans to invest more in Tesla. Tesla Motors chief executive officer Elon Musk, who on Friday gave Toyoda a red Tesla Roadster as a gift, reportedly had told journalists that he expected the production to be "in the couple of thousand-unit range." Musk also predicted that the US luxury automaker's client base will expand steadily overseas so that its sales are evenly split between the US, Europe and Asia. "We do believe Japan will be our No. 2 country in terms of sales over time," Musk said, according to Dow Jones Newswires. "Japan is a key market for the kind of product we produce," he added. Tesla opened its first showroom in Asia last month in Tokyo's Aoyama district and has announced plans to enter the European market with a dealership in Paris. Toyota's rivals have moved to embrace the nascent electric vehicle market, with Nissan soon to launch its all-electric, zero-emission Leaf, a car which has become the fulcrum of the Japanese automaker's green ambitions. Recommend Send IM Story Print Related Articles Russia GDP halves in Q3, still above fcast Reuters - 33 minutes ago EuroSibEnergo to premarket HK IPO Nov 15-sources Reuters - 34 minutes ago US-BUSINESS Summary Reuters - 37 minutes ago Penney margins fall on discounting Reuters - 37 minutes ago Geox says raw material prices to hit margins Reuters - 40 minutes ago News Search Top Stories Asian Games open with China set to dominate EU heavyweights move to calm bond markets German economy slows slightly after record bounce Boeing blames Dreamliner fire on faulty power panel DNA test raises doubts over Texas man's execution More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended EU fines 11 airlines 800 million euros for air cargo cartel DNA test raises doubts over Texas man's execution Boeing blames Dreamliner fire on faulty power panel Acrimony as EU budget negotiations collapse Irish bond rates hit record highs, fanning debt crisis fears More Most Viewed » Alcohol more harmful than heroin, crack cocaine: study Toddler survives seven-floor fall in France Spectacular unknown species found in Amazon EU fines 11 airlines 800 million euros for air cargo cartel Be fit, have fewer colds: study More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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