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The Wheels Have Come Off Electric Vehicles

If Toyota cars can’t keep their tires on, what’s the point of its $ 35 billion electric vehicle promise?

The world’s largest car company, Toyota Motor Corporation, reluctantly released an electric car in May. Weeks later, it withdrew 2,700 of them because their wheels – the most basic component – were at risk of falling. If traditional auto giants are willing to commit to this level of quality and safety, investors and regulators should increase their verification.

In battery technology and electric motors it is one thing to get it right, but to bolt the wheels properly? It shouldn’t even be a question. Billions of dollars have been invested, huge promises have been made and every major car manufacturer in the world has been committed to electric and cleaning. What’s more, cars are being sold at record high prices.

Toyota’s statement was worrying. “After using low-mileage, all the hub bolts of the wheel can come loose in places where the wheel can be detached from the car. If a wheel becomes detached from the vehicle while driving, it can lose control of the vehicle, increasing the risk of accidents, “said the company, recalling the release of its first electric vehicle. EV is dragging its feet as competitors like Volkswagen AG advance ৷ Toyota President Akio Toyoda has commented on the excessive promotion of green cars in the past and pointed out the bad aspects.

Meanwhile, Subaru Corporation, where Toyota has a 20.02% stake, has also withdrawn Soltaire, a related electric car model that has been jointly created that shares parts with the latter bZ4x.

The recall is equivalent to a course in the auto industry – every year, millions of vehicles are affected. Last year, more than মিল 21 million was compulsorily withdrawn by the U.S. National Highway Traffic Safety Administration, according to Recall Master, a third-party data provider. Also, a few million more are part of the so-called volunteer campaign which is not officially recognized by the authorities.

Much of the recall of traditional cars is now about defects or problems with components such as electronics and software or lighting and wiring. This does not mean that the engine does not catch fire – they do. This year, Ford Motor Company has withdrawn thousands of its models because cars can catch fire when parked and stopped. American car companies have asked drivers to park their cars outside while they are working on a solution. Hyundai Motor Co. Announced a production error that would have led to a fire a few years ago.

This is only for vehicles with internal combustion engines, or ICEs, that have been in production for decades. EVs, on the other hand, are a new breed – many models are still conceptual and just mass-produced. This means that the more created, the more problems are bound to be created. In the last two years alone, thousands have been withdrawn, costing billions of dollars.

What’s more, electric car fires are much worse and harder to hold than traditional autos because of a process called thermal runway, where flames are accelerated through chain reaction. General Motors Co. He recalled all of the 142,000 electric bolts he had sold because the battery – the main part of the car – was at risk of catching fire. LG Energy Solutions, with a market capitalization of 75 billion, has created fire-prone batteries – the most expensive for green vehicles.

The problem is, these are not just memories: these are the most serious and, most worrying, basic problems – an engine burning, a tire going off. The manufacturers say they are fixing the problem, but then what?

These don’t try to displace rag-tag up-owners – it’s publicly listed, corporate behemoths like LG, GM, Toyota and their peers. Although many of these vehicles are not being produced at the moment, and so far, limited injuries have occurred, the fact that these vehicles may actually be on the road – and trustworthy because they were made by a large, well-established company – requires caution.

Lawmakers, investors and firms are all pushing for electric vehicles. But we seem to have lost sight of security. In a hurry to be green and check the ESG criteria, responsibilities are being transferred. The truth is, manufacturers need to be more careful when investors withdraw their support or significant shareholders start asking tough questions. Regulators also have a role to play in setting higher standards and testing before each model is released. Only then will automakers put customer safety at the top of their list, not the next self-driving car.

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