Ted Ogawa, CEO of Toyota Motor America, said he believes that by 20 to 30 years, pure electric vehicles will account for only 30 percent of the U.S. new car market, just half the target set by the U.S. Environmental Protection Agency (EPA) last year.。Ogawa said that as the largest hybrid vehicle promoter in the automotive industry, Toyota believes that instead of "wasting" funds on pure electric vehicles, it is better to directly purchase points to meet EPA requirements。