Why EVs were just 0.92 per cent of overall Toyota sales in 2023
India, Feb. 2 -- Toyota scaled new highs in 2023 with over 11.2 million vehicles sold by the company and its subsidiaries through the course of the year gone by. This helped Toyota seal its place as the world's best-selling automotive brand for the fourth successive year. But while these are seriously impressive figures, electric vehicles or EVs had only a microscopically small share.
Toyota sold 11,233,039 cars across the world in 2023. Of this, just 104,018 were battery electric vehicles or BEVs. And while deliveries of BEVs may have seen a 325 per cent rise for the company, the extremely low baseline for comparison means that this increase gets rationalised.
The Japanese company has often been flagged for being slow to the EV game al...
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