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The Murphy Administration Continues to Push, but Reality has Hit Home for the EV Market

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the staff of the Ridgewood blog

Trenton NJ, while Governor Murphy continues to push his all electric vehicle mandate ,Toyota’s Chairman and former CEO, Akio Toyoda, has been a vocal skeptic of the electric vehicle (EV) hype, which contributed to his stepping down from the CEO role earlier this year. With Tesla reporting disappointing third-quarter earnings, it seems that some investors are reevaluating the profitability of EVs. In an “I told you so” moment Toyoda said, “People are finally seeing reality.”

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