TECH - Toyota Dominates California With Combustion Engine Models — But It Faces A Growing EV Onslaught | Benzinga
Japanese automaker Toyota Motor Corp (NYSE:TM) holds the top spot for the highest number of vehicle sales, particularly combustion engine vehicles, among all automakers in California.
What Happened: According to the latest report by the California New Car Dealers Association, 278,345 new Toyota vehicles were registered in California last year, marking a 2% year-on-year increase. The majority of these vehicles appear to be combustion engine vehicles, as Toyota reported only 3,753 Battery Electric Vehicle (BEV) registrations and 10,889 plug-in hybrid registrations last year.
The best-selling Toyota vehicles in the state include the RAV4, Camry, Corolla, and Tacoma.
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Japanese Automakers Dominate Californian Market: In 2023, the market share of Japanese brands in California ...