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Toyota Plans To Lose To Tesla — Just 1 Million Electric Vehicles By 2025

Toyota recently announced it is advancing its existing EV roadmap by 5 years. Instead of selling 1 million fully electric vehicles (BEVs), cumulatively, by 2030, the target year is now 2025. Tesla, meanwhile, will reach a 1 million BEVs sometime in early to mid 2020, at least 5 years ahead of Toyota. Even Volkswagen expects to reach that goal in late 2021. Toyota is essentially admitting defeat at this point.

French EV Market Returns To Normal — April EV Sales Report

The French plug-in electric vehicle (PEV) market had 4,542 registrations in April, up 43% YoY, with a big portion of this growth coming from pure electric vehicles (BEVs). In total, BEVs scored 3,222 deliveries last month (+70%), with those all-electric cars representing 71% of all plug-in vehicle sales. This growth is even more significant when we realize that the overall vehicle market remained stagnant (+0.4%).