“The automaker recorded sales growth across all regions. Electrified vehicle sales accounted for 35.3% of total sales. However, HEVs carried the load with 1.7 million sold compared to only 59,000 battery electric vehicles.
Despite issuing new guidance, Toyota expects a lower share of EV sales. The company still expects to sell 9.6 million vehicles this fiscal year but with a significantly lower share of electric cars.
Toyota cut its EV sales forecast from an expected 202,000 to only 123,000. That’s almost a 40% difference.”
While that is a cut, that’s still them expecting to more than double sales in a year, which is exactly in range for this years projected increase of the market
“The automaker recorded sales growth across all regions. Electrified vehicle sales accounted for 35.3% of total sales. However, HEVs carried the load with 1.7 million sold compared to only 59,000 battery electric vehicles.
Despite issuing new guidance, Toyota expects a lower share of EV sales. The company still expects to sell 9.6 million vehicles this fiscal year but with a significantly lower share of electric cars.
Toyota cut its EV sales forecast from an expected 202,000 to only 123,000. That’s almost a 40% difference.”
While that is a cut, that’s still them expecting to more than double sales in a year, which is exactly in range for this years projected increase of the market
It’s easier to increase by a decent percentage when EV sales are so low. Toyota doesn’t have a decent EV to offer at the moment.