Toyota faces shareholder backlash over EV strategy.
Toyota shareholders are voting to remove longtime leader Akio Toyoda from the board over the automaker's EV stance, with several investors stating that they have voted or plan to vote. Although newly elected leader Koji Sato has promised to accelerate BEV development, shareholders are still not satisfied with the progress and are protesting against Toyoda's policy of not setting a date to go all-electric. Toyota has made a series of announcements to speed up the rollout, but investors are getting impatient as the trend towards EVs is only expected to accelerate.
