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May 12, 2021, 8:22 a.m. EDT

Toyota expects 15% of U.S. sales to be battery, fuel cell electric vehicles by 2030

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By Tomi Kilgore

Toyota Motor Corp. /zigman2/quotes/200537742/composite TM -0.38% said Wednesday it expects battery electric vehicles (BEV) and fuel cell electric vehicles (FCEV) to make up 15% of total U.S. sales by 2030. The Japan-based auto maker said that including hybrid electric vehicles (HEV) and plug-in hybrids (PHEV), 70% of the combined Toyota and Lexus vehicles sold will be electrified by 2030. Globally, Toyota expects to sell 8 million electrified vehicles by 2030, including 2 million BEVs and FCEVs. Toyota's U.S.-listed stock rose 2.6% in premarket trading, after the company reported a fiscal fourth-quarter profit that more than doubled and was well above expectations. The stock has lost 1.5% year to date through Tuesday, while shares of U.S.-based rival General Motors Co. /zigman2/quotes/205226835/composite GM -2.15% have soared 33.8%, the iShares MSCI Japan ETF /zigman2/quotes/201162210/composite EWJ +0.58% has edged up 0.3% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.84% has gained 10.5%.

/zigman2/quotes/200537742/composite
US : U.S.: NYSE
$ 182.46
-0.70 -0.38%
Volume: 193,967
Dec. 3, 2021 4:00p
P/E Ratio
8.77
Dividend Yield
2.22%
Market Cap
$254.32 billion
Rev. per Employee
$700,558
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/zigman2/quotes/205226835/composite
US : U.S.: NYSE
$ 59.71
-1.31 -2.15%
Volume: 19.60M
Dec. 3, 2021 4:00p
P/E Ratio
7.98
Dividend Yield
0.00%
Market Cap
$86.69 billion
Rev. per Employee
$790,226
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/zigman2/quotes/201162210/composite
US : U.S.: NYSE Arca
$ 67.36
+0.39 +0.58%
Volume: 10.89M
Dec. 3, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,538.43
-38.67 -0.84%
Volume: 2.71B
Dec. 3, 2021 5:35p
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