Toyota Cuts 2023 EV Sales Forecast By Nearly 40 Percent
TOKYO - Although Toyota expects record growth this fiscal year, it’s cutting its EV sales forecast by nearly 40%. In Toyota’s latest questionable strategy shift, the company will lean into hybrids to “avoid the price competition” in the EV market. Toyota released its Q2 2024 fiscal results Wednesday, showing growth across the board. Through the first half of