Toyota Cuts EV Sales Expectations By 39 Percent As Its Profits Soar Thanks To Hybrids

Toyota Motor Corp. lowered its electric vehicle sales expectations for this fiscal year by a rather significant 39 percent, from an initial 202,000 units to a less-than-stellar figure of 123,000, the company said in its second-quarter financial report. However, let’s not forget that the Japanese company is one of the three biggest carmakers in the…

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