Biden Faces Pleas for Oil Export Ban That Would Upend Markets
Large parts of the world are not ready for zero-emission vehicles, which is why Toyota Motor Corp did not sign a pledge this week to phase out fossil-fuel cars by 2040, the world’s largest automaker said on Thursday. Six major carmakers, including General Motors, Ford, Sweden’s Volvo Cars and Daimler AG’s Mercedes-Benz, signed the Glasgow Declaration on Zero Emission Cars and Vans, as did a number of countries including India. But Toyota and No. 2 global automaker Volkswagen AG, as well as crucial car markets the United States, China and Germany did not.