In conducting a recent long-term EV sales forecast, I identified that a potential 210 electric vehicle models (both BEV and PHEV) would be available in the US by the end of 2030. Another 20 or so, mostly PHEV models, would also be phased out by automakers in the latter half of this decade as they focus more on bringing BEVs to market.
Toyota US Electrified Vehicle Sales Declined 9.2% YoY
Toyota’s US sales of electrified vehicles declined 9.2% in Q1 2023 versus Q1 2022. With a decline of 12%, sales of Toyota and Lexus hybrids had the largest decline among the companies electrified powertrains.