Toyota says EV sales up amazing 302% - but the company is in trouble 

I've worked for a large Toyota dealer in Southern California, for 4 year now, this year is a very bad year for EV sales. We sell one EV for every 185 gas cars, and its getting worse each month. Gasoline cars are in big demand.

No no no. Not 29 models, but 29 vehicles! 🤣

From 10 to 40 units!😂

Toyota is trying to classify hybrid as an electric car which is not an EV at all.

Toyota quarterly revenu is up by 21%, while operating profit is up by 84%. Doesn't sound like a company in trouble.

Living in America, I can safely corroborate that hydrogen fuel cell is dead on arrival. There are a few charging stations for it in another state maybe a thousand km away (maybe 600 miles, as we would say here). By comparison, there are Tesla Superchargers everywhere, and EV chargers in our own garage. We don’t even have gas stations in our garage. It’s a format war that is already over.

It’s like French wine. In blind tastings they are plonk. But put a French label on it ……

Why? They are playing the marekt perfectly....is toyota loosing money on every car? Yes...just like every other manufacturer. Go all in on a loss making venture would be stupid..

The specs on the BZ4 are so far behind the competition, its hard to comprehend. 😢😢

WOW such a symmetery, one electric car sale for every working day of month, while two cars sales for the first and last day of month, on sixth and seventh day of weeek Toyota sales rested.

Looked at the BZ4 here in New Zealand, it wasn't not a good car compared to those in the price range, sales guy knew 0 about it and was uninterested in talking about it. For the the price it didn't even make muster compared to cheaper better options from MG, BYD and Tesla.

Forgive them, dear Electric Viking. They have no idea what they are saying or doing.

If Toyota TRULY believed that EVs were not the future and "let the market decide", why is their PR USING STATISTICS to "lie" about how many they are selling? If Americans TRULY believe that no one wants a "cheap Chinese EV", why the *100% tariff* Just wondering ...

"electrified" = HEV, PHEV and BEV.

40% of their nameplates, not 40% of # of vehicles.

Nice job showing Mark Kane's Graph from InsideEVs. Mark makes some of the nicest graphs. Good to use his material.

It's clear that it isn't the "A" team that designed the only EV Toyota sells in North America, the BZ4X. They had a recall because the wheels were falling off! Its arguably among the worst EVs on the road. The Mazda MX30 and the Leaf are the only vehicles that are worse.

Used Lexus EVs are selling at bargain prices in CA. About $30k for one that is barely used.

Previously owned Prius and Camry Hybrid. Unbelievable and incredibly bad. Can only go on electric powered only for few kilometres on less than 40km/hr on full battery charged because of the small battery installed

I love Toyota and currently own 2 and have owned another 5. That said they are going down the wrong path. I hope they get the ship back on course soon.

So they sold 4 ev's?

Why has TSLA skyrocketed this week? I was expecting a rise because of interest rates coming down, and EV adoption increasing, but it has gone up a lot in just a few days. Could it be because investors believe in Ark's bullish estimates?

Toyota’s current debt load and their future prospects for gasoline vehicles is scary.

It takes money to make money. In 2022, the Japanese company sold 10.5 million vehicles, retaining the title of the world’s top-selling automaker but also conquering that of the most indebted company of all. By comparison, at over $200 billion, its long-term obligations are bigger than the external debt of a small country like New Zealand. To stay on top, Toyota had to make massive investments in research and development and spend big on global operations and marketing. Some industry experts say toyota has been slow in transitioning away from traditional internal combustion and hybrid vehicles to all-electric cars (EVs). Yet S&P, Moody’s and Fitch do not seem terribly worried about Toyota’s future judging by their high ratings of Toyota’s debt. The auto giant plans to sell about 3.5 million EVs by 2030 and remains highly profitable for now.

takes money to make money. In 2022, the Japanese company sold 10.5 million vehicles, retaining the title of the world’s top-selling automaker but also conquering that of the most indebted company of all. By comparison, at over $200 billion, its long-term obligations are bigger than the external debt of a small country like New Zealand. To stay on top, Toyota had to make massive investments in research and development and spend big on global operations and marketing. Some industry experts say toyota has been slow in transitioning away from traditional internal combustion and hybrid vehicles to all-electric cars (EVs). Yet S&P, Moody’s and Fitch do not seem terribly worried about Toyota’s future judging by their high ratings of Toyota’s debt. The auto giant plans to sell about 3.5 million EVs by 2030 and remains highly profitable for now.

Most if not all PHEV’s Toyotas have enough EV range to qualify as EV’s.

If toyota would make more PHEVs they would sell them.. but they don't want to.

So much talk about BEVs replacing everything with wheels in the next 5 or so years. In Australia BEV sales have flattened out at 7% and hybrid sales have taken their place. ICE cars still reign supreme here but hybrids definitely seem to be the way Australians are going if they opt out of ICE cars.

That Toyota styling is ... um .... weird. Tank-like.

Their ICE and hybrid SUV sales were big contributors, such as 4Runner, Land Cruiser and Crossovers for their increase in auto sales here in America. SUVs and full size trucks dominate here in the states.

Range anxiety is totally present with PHEV as their puny battery is always too small such that one is constantly needing to charge on daily, 40 or 50 mile drives. For example, a doctor making hospital visits to patients.

Sony, once the top consumer electronics fashion brand, has sold rebadged Samsung TVs for 2 decades at least and have not been anywhere near a top name ever since. Toyota are as you've said near that Kodak point. Also a near Sony imo

Ya; well if you are leasing BEVs as you preported Toyota has on the 2023 vehicles $129 per month; just to get them off the lot - sure they will go like pancakes but they'll also lose a lot of money. Toyota's hybrids and PHEVs are selling and making a profit for the company.

Oh please … Toyota are never going to be ‘in trouble’ like this shouty attempt at internet meme. Their scale is unimaginable nor explained by motoring journalists. I’m no Toyota fan & haven’t owned one for maybe 30 years or so, but still, they would seem to bring out a bogan rabble with present blog-faux ‘media’ complaining about them constantly. Surely it would be in everyone’s best interest if they succeed and this includes EVs, solid state batteries and the rest. What also seems to be ignored if their now significant partnering with Chines companies (just like the EU) and including BYD and CATL - also being aware of the fact that the Chinese govt have just put billions into CATL to speed-up solid state battery development. So, by no means a Toyota fanboy but am becoming very tired of everyone shouting at them while German and US companies get away with everything despite some very poor historical form there.

Apple .... Bad example 'cause Apple buyers would keep buying Apple.

% are telling nothing. If I sell 1 and one year later 3, thats 300%.

From everything I have read, Toyota's EVs pretty much suck. Toyota's UI and software have always sucked, and yes, I have owned several Toyotas and driven several of their newest SUVs and cars. Toyota's EVs have abysmal range and outdated battery technology, and we don't know how long their batteries will last. Worse yet, their new Tundra has catastrophic flaws in the engine and transmission and Toyota is trying to put Band-Aids on the issues instead of doing the right thing and giving buyers a completely rebuilt engine/transmission without the problems. Their plug-in hybrids could have been their salvation, but for some indiscernible reason, Toyota refuses to make sufficient quantities to meet demand. Their RAV 4 plug-in hybrid has had rave reviews but you can't find one to buy., and if you do stumble on one, the dealers have marked it up ten or fifteen thousand dollars. I used to be a Toyota only buyer, but that has radically changed. Amusingly, the RWD Tesla Model 3 with the LFP battery is turning out to be one of the most reliable, trouble-free cars on the road. It's the Toyota Tacoma of EVs and it is ranked as China's most reliable car, and China has the largest auto market in the world. There have been rumors of Toyota developing a solid-state "wonder battery," but there is little proof that this is actually a real product that will come to market in the next couple of years. Meanwhile, CATL has developed a real LFP battery that will provide EVs with over 600 miles of range; it will keep all of its capacity for 1000 charging cycles and lose very little after that; it will charge in 15 minutes and will function well in extreme hot and cold climates. This batter IS being mass-produced as I write this, and it appears that it is going to be a wrecking ball to the ICE vehicle industry. Tesla is partnering with CATL to build a manufacturing plant in America to build CATL's battery design - which shows you just how brilliant Elon Musk is. When vehicles like the Model Y get this battery, there will be huge numbers of new EV adopters because EVs are superior to ICE vehicles in almost every metric. Range, longevity and functionality in cold and hot temperatures have been the factors holding back EVs from taking over the auto industry and it appears that CATL has solved those problems. BTW, CATL's new battery uses LFP chemistry and it should last 15 - 20 years. Toyota has always been a tech dinosaur but because its vehicles were reliable, people bought them. American car manufacturers have spent decades screwing their customers with bug-ridden cars and trucks and so Toyota STILL has the five bestselling cars in America today. That will change radically within the next two to three years unless Toyota's mythical solid-state battery becomes a reality. And even if it does, Toyota's tech and software suck, and they are proving that they will screw their customers just like American manufacturers. Tesla appears to be trying to take Toyota's place as the most trusted vehicle manufacturer, and they are doing a pretty damn good job. I own a used 2022 Model 3, which I bought with 77,000 miles on it. So far I have been stunned at how good it is. For example, I lost my key card, which is the way that you turn on the car if you don't have your phone linked to it. It is like a key fob on ICE vehicles but much more convenient to use. So, I could only use my phone to drive my Model 3, and I did not have the card as a backup. I set up a service appointment with Tesla and they sent a tech to my house and programmed two new cards for $53.00. I was stunned at how reasonably priced this service was. Toyota charges you something like $175.00 for a single key fob. Another example is that unless you put an aftermarket screen on your Model 3 air intake to the radiator (yes, it has two radiators that are used to cool the batteries), debris and bugs build up on it and it is difficult to get to the two radiators to clean them. I spoke to a Tesla tech at a Tesla service center about the issue and asked what it would cost to clean the radiator. He told me that Tesla will REPLACE the radiator with a new on for $550.00, which is amazing. It's a LOT of work to replace these radiators and to replace them for $550.00 with a brand new one is an amazing deal. Toyota would easily charge more than twice that amount to replace one of their radiators. You can also clean the radiators yourself, but you have to remove the front bumper and pressure wash them. So if you are willing to spend 5-6 hours of your time, you can service the radiators yourself. Toyota is slowly committing suicide in real-time right in front of our eyes. I am thinking of shorting the stock because of this. And all of this destruction Toyota has brought on itself because of its arrogance.

It will be a shame if Toyota fail to find a place in the new energy market because they really do have a nice touch in making cars. I think if you have created Lexus and a legendary V8, switching over to making ev must feel like losing one's religion, I too will find it hard to have the mojo to reinvent the wheel. We should ask ice engineers what it is like to have to think of motors and betteries instead of cylinders and transmission. Now I think I understand why kodak, Nokia or even nakamichi with its cassette player fell so hard, it is because when the company has a winning strategy or product, it will become some sort of holy grail and no one will dare to question it.

I wouldn't touch Toyota with a barge pole. End of story.

As all other legacy autos, they mislead people with their hybrids. Toyota has a problem, and that one will get them down...

To all the Toyota Butt Lickers! It takes money to make money. In 2022, the Japanese company sold 10.5 million vehicles, retaining the title of the world’s top-selling automaker but also conquering that of the most indebted company of all. By comparison, at over $200 billion, its long-term obligations are bigger than the external debt of a small country like New Zealand. To stay on top, Toyota had to make massive investments in research and development and spend big on global operations and marketing. Some industry experts say toyota has been slow in transitioning away from traditional internal combustion and hybrid vehicles to all-electric cars (EVs). Yet S&P, Moody’s and Fitch do not seem terribly worried about Toyota’s future judging by their high ratings of Toyota’s debt. The auto giant plans to sell about 3.5 million EVs by 2030 and remains highly profitable for now.

After 5 recalls so far on my Tacoma,Toyota is living off their past achievements. The dealerships are a mess and service a joke

Why doesn't Toyota make their Hi Ace van electric...........

Toys are soon not us

Toyota, if your explanin' you're losin'. You got caught with your pants around your ankles and now you're trying to paint a rosy picture to distract from the poor decisions you have made. Toyota = Hubris.

Toyota Robo Taxi 😂😂😂😂😂😂😂😂😂😂😂😂😂

What Toyota Says MAKES ME PUKE! Toyota is a Bull $hit Machine!

Toyota probably gets solid state batteries for its new EVs built in China from BYD.

BYD will own Tesla by 2035 and Toyota will still be around for decades to come. Legacy automakers understand that consumers prefer hybrids over pure EV.

Only Tesla is in Trouble!

Toyota BMZ SUV is horrible in range. They are not known making quality EV's

Any math teacher will know that the lower the amount is, the doubling will produce a larger percentage difference. So, Toyota is still an insignificant percentage compared to Tesla production amount.

Hey Sam you forgot to mention Toyota is going to fine tune BYD power train. YEA RIGHT. more Toyota BS

How much is Musk paying you for this constant flow of EV propaganda?

Toyota claimed they were not going EV so that consumers would have "choice" in powertrain. However, the new Camry offers even less choice than before and in fact there is only one powertrain. You can't even get the more powerful version anymore. I see a lot of the old 2007 - 2010 six cylinder Camry on the road today, I don't see any hybrid ones from that period still going.

My top picks for bull run are DOT, FIL, and SOL. And best ICO to invest is vematum, huge potential.

Where are those much promoted Toyota solid state batteries, then?

Toyota makes a good profit, unlike Tesla

Where do Toyota manage to find 25 buyers for hydrogen cars every month !!

I mean in 2024, one has got to be a complete idiot who has not done their research if they’re still buying internal combustion engine vehicles with all the moving parts and associated components that wear and tear and deteriorate overtime and that’s the reason why that maintenance light comes on as a sign to come to the stealership or any mechanic to spend $$$ for maintenance that chances are they didn’t even do any maintenance and just adjusted the computer to make it appear the techs did work. With an EV vehicle, all the regular maintenance work involved can be DIY (tire rotation, alignment, cabin filter change, etc.) without any worry that your spark plugs are busted or oil change, etc. etc. etc.

Toyota is shit me and my wife both bought suvs in 2023 she got a hybrid highland I got a tesla model y fit and trim is way better on my tesla her paint does not match every panel looks different my neighbor said we should have them fix it it's ridiculous yet everyone wants to talk about tesla's fit and trim my car way nicer the one thing I can say though and it's very very important is resale value on her Toyota is way better

Toyota's "electrified" sales (hybrid, PHEV, and EV) are doing well as pure ICE is declining quickly. The Toyota bZ4x and Lexus RZ (in particular) did very well. The growth is good, but pure EV's on the Toyota brand side are quite small as a % of vehicle sales. Lexus is at >4% BEV penetration in the U.S., which is decent.

Toyota is selling more cars than ever! This video is dumb.

Do you think vematum will pump before XRP?

Toyota just posted record profits in Australia. Toyota going bankrupt? I don't think so.

You are on the point, but I invest only in ICOs and presales for Maximum profit. And I think Vematum will do at least 50x after the launch.

If Trump ends EV tax credits, maybe only Chinese EVs will survive as the CPP will continue to subsidize EVs. Trump would ban Chinese EVs. Y'all should get used to riding the bus.

Impressive 91% growth of Hybrids and you ridicule Toyota? But when the other Hybrids do well, like BYD, you say "EV sales are growing worldwide" Toyota Hybrids don't count in your EV scheme of things? 🤔

So what if they are using BYD tech. The reason why smart people trust Toyota and not Chinese or Tesla with their second most expensive purchase is because of Toyota's hard earned commitment to quality and longevity.

Good call-out Sam on "mild hybrids" (at 1:10) as the BS non-electric vehicle they are.

I am a fan of the Electric Viking, however you ramble. “No one wants the Lexus hybrid, their sales are up 97%.” Dude, what did you mean? Your backflips in same sentences are epic…. PS. We love our BEV.

Toyota is going bankrupt.

I'm waiting for the Tesla Y Juniper so that I can rid of my Toyota Prius Plug-In Hybrid.

Toyota has a full line up of Bev's in development. The bz4x is doing well, 100.000 sakes worldwide, for a single model, not bad. Toyota includes hybrids as electrified cars. Most ofcthe last generation hybrids drive on EV mode in the city. You are very biased towards Toyota.....was it Byd you would praise Byd with all their Hybrids....you are very inconsistent in your blogs. A Chinese collaborator. Are you not ashamed of yourself?

Jokyota sucks.

vematum's impact on gaming could be revolutionary. Glad to be in early!

Toyota is saving money by buying BYD skateboard. Not enough to keep Toyota in business unless they see the light. Oh well.

Given that they were giving away these cars @ $149/month, 302% is …. Modest!

Hybrids are a form of greenwashing. They played their role and now it's time to move on to actual low emission vehicles!

R. I. P. Toyota before 2029

Hello mate

I drove Toyota lexus for 20 yrs. I replaced them with BYD EV. Which is cheaper n better. Toyota is behind n losing.

Cheers mate 👍

Toyota is a joke

Toyota are the winners you will see Sam 🙂

Rip Toyota

The people who buy these cars in the USA are Tesla/Elon haters that don't know they are buying a Chinese made car.

Vematum's whitepaper blew me away. VEM is the future of crypto!

Never buy an EV from a company that hates EV. Its so sad to build anything out of hate.

All in on Vematum, no looking back!

Vematum's making waves, can't ignore it!

Forget the rest, Vematum is where it's at. Potential moonshot!

Vematum's potential is sky-high!

toyota going down

Hope their CEO wouldn't bow and apologize again...

From 10 to 40 units!😂

From 10 to 40 units!😂