4:22 a.m. May 12, 2021
- By Tomi Kilgore
Toyota expects 15% of U.S. sales to be battery, fuel cell electric vehicles by 2030Toyota Motor Corp. 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 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. have soared 33.8%, the iShares MSCI Japan ETF has edged up 0.3% and the S&P 500 has gained 10.5%.
2:08 a.m. Sept. 14, 2020
- By Philip van Doorn
Did you miss out on Tesla’s big run? There are still good alternatives to play the electric-car revolution There’s money to be made from industry suppliers and even from some old manufacturersInvestors are pouring money into pure-play electric-vehicle stocks, but there’s money to be made from industry suppliers and even from some old manufacturers who are about to jump into the electric market.
1:05 a.m. Sept. 9, 2020
- By Nick Kurczewski
Toyota doubles down on hydrogen fuel cell tech with a redesign of the Mirai The 2021 Mirai stands out in a crowd, but still lacks infrastructure. How do fuel cell cars compare to electrics?Toyota’s not giving up on the technology, even though hydrogen fuel cell vehicles haven’t enthralled car shoppers.