Japanese Automakers Honda & Toyota Ready To Join EV Revolution. Maybe. Sort Of.
Honda says it is working on a modular chassis for electric cars that will be ready in 2025. Toyota has partnered with CATL for battery production and research.
Honda says it is working on a modular chassis for electric cars that will be ready in 2025. Toyota has partnered with CATL for battery production and research.
Recently, Toyota announced a special research and development project. With Sharp and the New Energy and Industrial Technology Development Organization (NEDO), it has put a special test vehicle together that uses solar panels to generate almost 1 kW of energy during daylight hours, whether the vehicle is driving or sitting.
The Dutch plug-in electric vehicle (PEV) market had another great month in June, with 4,543 plug-in registrations, up 196% year over year (YoY). That translated into a PEV share of 11%. The year-to-date (YTD) count reached 20,047 units, which means a market share of 8.9%, well above the 6% of 2019.
Let’s start out by being very clear — in no universe should a Tesla Model 3 be competing with a Toyota Corolla on cost. The Model 3 is, objectively, a vastly superior vehicle. It is far safer, tremendously quicker, has much higher tech, is larger, and is considerably more prestigious. The only reason we’re running this comparison is because, shockingly, the Tesla Model 3 does compete with the Toyota Corolla on cost.
The Dutch plug-in electric vehicle (PEV) market had another positive month in May, with 2,688 plug-in vehicle registrations — up 193% year over year (YoY). That translated into a PEV share of 7.3% on the broader auto market. The year-to-date (YTD) count is now up to 15,537 units, with the 2019 PEV share at 8.3%, well above the 6% of last year.
A Toyota press release provides more details on its plans to collaborate with other companies to sell 1 million electric cars by 2025. If it is serious, it really needs to fire its styling department. The proposed concepts have a face only a mother could love.
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.
The marriage between Fiat Chrysler and Renault is off. An engagement between Subaru and Toyota is on. It’s a crazy time in the global auto business.
We won’t have US sales figures for Tesla, Ford, and GM for another month — and even then we’ll have to estimate how they were split out across the quarter — but we know one thing for sure: Tesla’s sales are up heavily compared to the same period in 2018. For other automakers, not so much.
The Tesla Model 3 is a lot like the Buick Regal. Actually, no, not really. They do have a similar starting price, but the Model 3 is approximately three worlds better and also has a much lower cost of ownership.