Financial Times
Toyota more than doubles quarterly EV sales as it finally commits to the electric shift it spent years avoiding
Executive Summary
Summary: Toyota has more than doubled electric vehicle sales in early 2026 to 79,002 units, introducing seven new models as it escalates EV production. This contrasts with other automakers scaling back EV targets following Trump administration policy changes and writedowns. Toyota announced an $800 million investment in US EV manufacturing. While its EV volumes remain significantly lower than Tesla and Volkswagen, analysts suggest Toyota is positioned to approach its 2030 target of 3.5 million electric vehicle sales annually.
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Toyota more than doubles quarterly EV sales as it finally commits to the electric shift it spent years avoiding
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