Hyperdrive

Auto Show Latest: Carmakers Pile In to Present EV Credentials

  • Japan Mobility Show underway in Tokyo after four-year hiatus
  • Japanese carmakers vouch for their ability to make jump to EVs
WATCH: Mercedez-Benz Japan CEO Kintaro Ueno discusses his business strategy and car market.Source: Bloomberg
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Japan’s carmakers are staging their first motor show in four years to make the case they’ll remain major global forces to be reckoned with in the electric-vehicle age.

The newly named Japan Mobility Show will be counter-programming of sorts to worrisome trends: the host country may well lose its position as the world’s top car exporter to China, and third-largest economy to Germany this year. With their domestic market shrinking and parts of Europe and the US rapidly embracing EVs, Toyota Motor Corp., Honda Motor Co. and their peers are under escalating pressure to transition from internal combustion engines.