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In 2020, the Japanese gov’t announced the intention to ban gasoline-powered cars by 2030. Toyota has announced to allocate US$13.5bn by 2030 to the development of EV batteries. Competitors like VW and GM only achieve EBIT margin between 5 and 7%. Akio Toyoda responded that large parts of the world are not ready for EV yet.
Aerospace’s EBIT margin of 20.5% Industry growth: 7-8% CAGR until 2030 expected. The primary drivers are a rebound in commercial airline industry and increase in US defense budget. This segment plays a critical role in realizing future growth and enhancing profitability. vs. total company’s margin of 15.6% (5-yr avg.).
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