TSLA - Toyota Has Finally Hit The Accelerator On Its EV Journey | Benzinga
Last week, Toyota Motor (NYSE: TM) revelaed its second quarter deliveries, joining Tesla Inc (NASDAQ: TSLA), General Motors (NYSE: GM) and Ford Motor (NYSE: F). In a nutshell, Toyota has something to brag about as its EV sales quadrupled in the second quarter.
Second Quarter Sales
In the U.S. Toyota sold 621,549 vehicles, which is a rise of 9.2 % YoY and it owes it to EVs. In the second quarter, Toyota sold almost 250,000 hybrid and electric models, which represents an even more impressive YoY rise of 63%, representing almost 40% of the group's total volume. EVs and PHEVs are undoubtedly Toyota’s fastest-growing segment.
Toyota’s current offering hybrids, plug-in hybrids and a fuel-cell electric vehicle consists of 29 electrified models, which is two more compared to the previous quarter.
The Toyota Group group sold 24,266 plug-in electric cars, which translates to ...