As the car industry’s largest hybrid pusher, Toyota says it is better positioned to just buy credits to close the EPA gap rather than “waste” money on BEVs, its CEO said.
Honestly it’s quite amazing how prone we all are to falling for the old sunk cost fallacy, that fallacy and confirmation bias have to be the two most popular cognitive issues for us as a species.
One would think random person posting online would realize that biggest car manufacturer in the world knows a thing or two about car manufacturing. Especially considering the same manufacturer is behind worlds most popular hybrid car and a number of EVs. I’d also assume they would trust decades of accumulated data on battery sustainability, recycling and manufacturing but I suppose sitting in a computer chair googling is better. Here’s next term to google and learn about “Dunning-Kruger effect”.
You would think at least one of their execs would have learned about the sunk cost fallacy in basic econ.
Honestly it’s quite amazing how prone we all are to falling for the old sunk cost fallacy, that fallacy and confirmation bias have to be the two most popular cognitive issues for us as a species.
One would think random person posting online would realize that biggest car manufacturer in the world knows a thing or two about car manufacturing. Especially considering the same manufacturer is behind worlds most popular hybrid car and a number of EVs. I’d also assume they would trust decades of accumulated data on battery sustainability, recycling and manufacturing but I suppose sitting in a computer chair googling is better. Here’s next term to google and learn about “Dunning-Kruger effect”.