Toyota’s US Hybrid Vehicle Sales Could Account for 23% of Total Sales in 2021

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While we wait for the Toyota bZ4X BEV in 2022 and fingers crossed for more RAV4 Prime PHEVs being sent to the US, Toyota USA is crushing it with sales of its regular hybrids. Our current EVAdoption forecast has regular hybrids accounting for ~23.3% of 2021 sales (Toyota brand only, not including Lexus.)

Toyota continues to prioritize the RAV4 Prime units for the EU and China markets, so PHEV sales from the Prius Prime and RAV4 Prime will likely only account for about 2.2% of US sales in 2021.

While 2020 was a down year for US vehicle sales due to the Coronavirus pandemic, Toyota’s Q1 2021 increase in hybrid sales over Q1 2020 is still impressive. The company long associated with hybrids because of the iconic Prius, saw its US hybrid sales nearly triple with YOY increase of 172.1% and growth to 115,527 units sold from 42,453.

Toyota Q1 2020 sales vs Q1 2021-chart

Hybrid sales growth was led by models such as the hybrid-only Sienna van, Corolla hybrid, and Highlander hybrid. Interestingly, however, the Prius was the only hybrid that saw sales decline, with a 3% Q1 2021 drop versus Q1 2020.


PHEVs with 16 kWh or larger battery qualify for $7,500 tax credit

Six PHEVs Currently Qualify for the Maximum $7,500 Federal EV Tax Credit

There are six PHEVs that currently qualify for the $7,500 maximum tax credit, and their electric range is from a low of 21 miles for the Jeep Wrangler 4xe to a high of 65 miles for the Polestar 1. They also range in MSRP from about $38,000 for the Toyota RAV4 Prime to $165,000 for the Polestar 1. 


DCFC Locations, Ports and Ratio: Tesla vs. Other Networks

At the end of August, the Tesla Supercharger network reached 11,125 DC fast charger ports across the US, accounting for 57.1% of all DCFC ports. With 1,118 locations, however, the Supercharger network accounted for only 20.1% of the total DCFC locations. 

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