Toyota’s EV sales more than doubled in a year, but gas cars are getting crushed in China
Despite the surge in electric vehicle sales, Toyota has seen global sales decline for three consecutive months. This is attributed to a significant drop in demand for hybrid and gasoline-powered vehicles in the Chinese market.
Key points
- EV sales increased by 127% through September
- Global sales have fallen for three straight months
- Gas and hybrid demand is slumping in China
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