Toyota Misses EV Goals

Home > Industry Analysis > Content

【Summary】Toyota is falling behind its own EV targets, with only 25,000 EVs sold last year and 53,587 sold in the first half of this year, accounting for less than 1% of its total car sales. The company aims to sell 600,000 EVs by 2025, 1.5 million by 2026, and 3.5 million by 2030. Toyota plans to increase production of its battery-powered vehicles in the coming years.

FutureCar Staff Sep 23, 2023 4:15 PM PT

Good morning! It's Friday, September 22, 2023, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know.

1st Gear: Toyota Must Increase EV Output 2,400 Percent

Relatively speaking, Toyota has been pretty slow to the electric vehicle party. However, the Japanese automaker is now aiming to build more than 600,000 EVs by 2025, according to a new report from Automotive News. Toyota hopes to hit 600,000 EV sales by 2025, 1.5 million EVs by 2026, and 3.5 million by 2030. However, it sold fewer than 25,000 EVs last year, so it has a long way to go.

2nd Gear: Big Three Enter Another Round Of Final Talks

The United Auto Workers union has been on strike since last Friday at Ford, General Motors, and Stellantis plants. Now, the big three American automakers are making a final attempt to reach a deal with the union. The talks are crucial to prevent an escalation of the strike action, which could include plants that produce popular models like the Ford F-150, the Chevrolet Silverado, and the Ram pickup trucks.

3rd Gear: E-Fuels Must Be Carbon Neutral In Europe

The European Union is looking into the use of e-fuels and their carbon neutrality. According to a draft document seen by Reuters, cars running on e-fuels must be 100% carbon neutral from 2035 to still be offered for sale after the upcoming ban on gas-powered models. E-fuels must be made in a way that utilizes captured atmospheric carbon to offset the CO2 emissions when burned in a car engine.

4th Gear: U.S. Probes 240,000 Ford EcoSport Models

The National Highway Traffic Safety Administration (NHTSA) is investigating an oil pump issue that could affect 240,000 Ford EcoSport models built between 2018 and 2021. The probe was initiated after the agency received complaints alleging that the car's oil pump may fail, resulting in a loss of motive power while the vehicle is in motion.

That's it for today's Morning Shift. Have a great day!