Used cars will always be an option, and there will be a time when the standard used car on the market is an EV.

> I thought the goal of a pension fund is to ensure that people have pensions?

Yes, through an investment portfolio, and this article states that the 4 pension funds in question have a combined $300 million in shares invested in Toyota.

The article says:

‘Toyota is jeopardising its valuable brand by lobbying against much-needed climate related regulation of the auto industry,” said Anders Schelde, AkademikerPension’s chief investment officer last week. “What is the science based argument for their position, which is what we expect from companies if they are going against most expert views on the role of battery electric vehicles and the required timeline for phaseout of fossil fuel cars.’