TOKYO – Production by Japanese automakers in China continues to plummet as demand for gasoline-powered vehicles fades and new intelligent-auto technologies advance.
The combined Chinese output of Toyota Motor, Honda Motor, Nissan Motor and Mazda Motor fell 32% on the year in April-September to 1.02 million vehicles, data compiled by Nikkei on Thursday shows, the lowest since 2008.
Production has fallen by nearly 1.8 million vehicles in just six years from its peak of roughly 2.8 million in 2020, a 63% drop.
Honda posted the steepest decline, dropping 60% on the year to 131,716 vehicles. Output is about 90% below its 2020 peak. Monthly production has recently hovered around 10,000 to 20,000 units, down roughly 70% on the year.
So after decades of trying to educate people about greenhouses gases and climate change, the only reason why people will stop burning is the price of gas. No one actually cares about carbon outputs.
Good argument for taxing fuel.
Can’t wait to see this written about Europe’s car manufacturers as well
