Japan Automobile Manufacturers Association G-7 Side Event

Akira Marumoto, president and chief executive officer of Mazda Motor Corp., from left, Makoto Uchida, chief executive officer of Nissan Motor Co., Toshihiro Mibe, president and chief executive officer of Honda Motor Co., Masanori Katayama, chief executive officer of Isuzu Motors Ltd., Yoshihiro Hidaka, president and chief executive officer of Yamaha Motor Co., and Toshihiro Suzuki, president of Suzuki Motor Corp., pose for photographs during a Japan Automobile Manufacturers Association (JAMA) event on the sidelines of the Group of Seven (G-7) leaders summit in Hiroshima, Japan, on Friday, May 19, 2023. While Toyota and other Japanese carmakers pioneered hybrid technology, they've trailed Tesla, BYD and others in ramping up EV output. Several have promised to rapidly expand production in the next few years. Photographer: Buddhika Weerasinghe/Bloomberg via Getty Images