Various US states have proposed or passed legislation to either ban the sale of ICE vehicles or establish goals of reaching 100% zero-emission vehicles by either 2030 or 2035. Additionally, a few automakers and now FedEx have stated their goals for the end of the internal combustion engine in their fleets. The following table is a high-level overview of 11 organizations and their goals and timing.
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.