Toyota expands lineup of ‘Tesla killer' EVs in U.S. car market [Yahoo! Finance]
Toyota Motor Corporation (TM)
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toyota-global.com/investors
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Source: Yahoo! Finance
The world's largest carmaker currently offers four imported EVs, and will add a fifth this month. Production of a new U.S.-made EV will begin at its Kentucky plant later this year, followed by another model in 2027; that will bring its total battery electric lineup in the United States to seven models. Demand for EVs dropped sharply following the Trump administration's withdrawal of tax credit and other subsidies last year, but Toyota sees sales gradually rebounding as more buyers warm to the idea of plug-in models, while the Iran conflict's impact on fuel costs are driving more people to consider EVs. The strategy also reflects the company's effort to turn its dominance in hybrid gas-electrics into a solid foothold in the EV market as it recalibrates. “We're coming into the marketplace with multiple options for our customers at a time when people are looking for new options,” said Mark Templin, executive vice president and chief operating officer of Toyota's North American opera
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- Toyota Motor Corporation (TM) Stock Drops Despite Market Gains: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
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