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Toyota Regains China Market Share with Affordable EVs

by Lucas Fernandez – World Editor
written by Lucas Fernandez – World Editor

Toyota Gains ⁤Ground in China with Affordable bZ3X EV

Shanghai – Toyota is‌ making inroads in the fiercely competitive Chinese​ electric vehicle (EV) market with its new bZ3X, priced around $15,000, adn a broader strategy focused​ on⁣ localized production ⁢and a growing EV lineup. The automaker’s‌ China sales rose 6% between January and August,​ bucking a trend of decline seen by other Japanese carmakers.

Toyota debuted the bZ3X, emphasizing its⁢ spacious interior designed as a ‌”cozy Home,” and plans to ‌expand its China ⁤offerings with the bZ5, bZ7, and ​a revamped Lexus line available in both EV and hybrid versions. This expansion is⁣ supported by plans for a wholly owned factory ‌near Shanghai, slated to begin production in ⁣2027 with​ an initial​ annual ‍output of 100,000‍ battery-powered EVs‍ for the‌ Lexus ⁤brand – making Toyota only the second‍ foreign passenger carmaker after Tesla ⁢to fully own a​ manufacturing facility in China.

Despite increasing ‌sales, Toyota faces⁣ profitability⁢ challenges. Average ‌profit per car​ dropped to ¥162,000 ($1,090) ⁣in fiscal 2024,down from ¥274,000 in fiscal 2021,with total China profits falling from ¥525 billion to ¥290‍ billion ⁣over the same period,according to ‍Pelham Smithers.⁢

Early adopters of the bZ3X have reported minor ⁤issues, with one customer, Yu, ⁢noting dozens of⁣ trivial problems and some design elements ‍falling short of Toyota’s gasoline models, though he indicated he would ⁤still ‍repurchase the vehicle. The company ⁣is⁣ also‌ navigating⁤ shifting consumer⁣ preferences, as‌ growth in hybrid vehicle sales has slowed – up 17% in the first eight months of 2024 compared⁤ to 76% growth in the same‍ period last⁤ year – as fully electric cars regain popularity due to advancements in battery technology and charging infrastructure.

Toyota’s performance stands in contrast to its⁤ Japanese competitors. Nissan Motor Co. experienced a 9% sales​ decline,while Honda Motor co. saw a 21% drop in china⁤ during ​the same ⁣January-August period. Bloomberg ⁣Intelligence ​senior auto analyst Tatsuo Yoshida ​observes a growing divide, ⁣stating, “toyota on one side, everyone else on the other.”

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Business

Acura ZDX Discontinuation: Why the Luxury EV is Being Scrapped

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Acura to discontinue ZDX Electric ⁢SUV Amid Tax Credit Changes

Acura ‌will discontinue its ZDX electric SUV following the September 30th⁤ expiration of the federal​ EV tax credit, according to an internal memo obtained by USA Today.⁢ The decision highlights the meaningful impact of shifting government policies on the electric vehicle market ⁣and underscores the importance of incentives in consumer adoption.

The Acura ZDX, priced starting at $64,500, currently qualifies for a $7,500 federal tax credit. Though, with the incentive’s impending removal, Acura believes the ZDX’s value proposition diminishes against competitors, particularly its sister vehicle, ⁣the Honda Prologue. The⁢ Prologue, starting at $47,400, offers a similar 308-mile range and 220‍ horsepower, making it a more attractive option without the tax benefit.The ZDX boasts 358 horsepower and ⁢a 313-mile range.

Acura attributed the decision ⁢to “recent policy changes impacting EV production⁢ and sales” in the‌ internal dialog. The elimination of the tax credit effectively levels the playing field,making more affordable EVs like the Prologue – which offers comparable features for a lower price point – more competitive. A fully-equipped Honda Prologue Elite trim, including⁢ all-wheel drive, heated/ventilated seats, and a head-up display, is available for $57,900.

The ZDX’s discontinuation demonstrates ​the sensitivity of the EV market to government incentives and signals a potential shift in manufacturer strategies as policies evolve. Consumers considering an Acura ​ZDX should finalize purchases before September 30th⁣ to take ⁤advantage​ of the⁤ $7,500 tax credit.

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Business

Ford EVs flying off lots as tax credit countdown sparks buying frenzy

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Ford EV Sales Surge as $7,500 Tax Credit Deadline Looms

DETROIT – Ford’s ⁤electric vehicle sales are ‍experiencing a notable jump as consumers ‍rush to take advantage of ‌the current $7,500 ‍federal tax credit ​before it possibly changes ⁤at the end of September. The surge comes as predicted by​ industry analysts who anticipated a buying frenzy ahead of the incentive’s possible alteration.

Industry expert Jessica Caldwell of Edmunds anticipates a “whipsaw” in the other direction as EV sales evaporate in the fourth quarter, similar to ‍a prediction made by Cox Automotive’s ⁣Karl ⁢Drury. “Its a predictable pattern, one ⁤we see​ whenever ‌large purchase incentives are removed from the marketplace,” Caldwell said.

Consumers looking to purchase an EV can expect⁣ to find ⁢deals as⁢ dealership inventory diminishes. “Dealers are very aware of​ this pattern, and those‍ with EV stock will offer increasingly desirable‍ pricing and financing as the end of September draws near,” Caldwell explained. “Having a large supply of​ unsold EVs on their lot on Oct.​ 1 is a position dealerships will actively⁤ avoid.”

beyond​ EVs, Ford reported overall positive⁤ sales trends in August. SUV sales increased 6.2% to 81,539 units, while pickup truck sales rose 2.4% to 105,432. Traditional passenger car sales saw a modest 2.2% increase, reaching 3,235 units sold.

Several Ford models⁢ experienced notable sales gains.The Bronco saw a 32% increase to 13,378​ vehicles sold, the Explorer⁢ soared 22% to 20,617 units, and the Maverick pickup rose 16.4% ​to 11,956 vehicles.

However,some⁣ models faced sales declines. Escape sales were down 10.4% to 12,290,and despite‍ a rise in lightning sales,total F-Series sales dipped 3.4% to 68,318 units.

At Lincoln, the ⁣Navigator and corsair were the only models to report sales gains. The Corsair, which Ford will discontinue production of by year-end, sold 2,526 units, an 8.6% increase.The Navigator saw ‍a 2.5% gain to 1,624 units sold.

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Business

GM EV Sales Surge: Now #2 in the US Market

by Chief editor of world-today-news.com
written by Chief editor of world-today-news.com

GM Electrifies U.S. Sales, Surpassing Ford in EV Race

Table of Contents

General Motors (GM) has overtaken Ford to secure the second-highest position in U.S. electric vehicle (EV) sales for the first five months of 2025. The Detroit-based automaker reported selling 62,000 EVs through May, propelled by robust sales from its Chevrolet brand, which accounted for 37,000 units sold in the United States during the same period.

Ford,in comparison,sold 34,132 EVs through May,marking a 25% year-over-year decline. This decrease was largely attributed to a 42% drop in sales of the F-150 Lightning pickup and a significant 93% decrease in E-Transit commercial van sales.

Did You Know? The global electric car stock reached 16.5 million in 2021, tripling in just three years, according to the International Energy Agency.

GM’s Electric Surge: Key Sales Metrics

GM experienced a remarkable 94% year-over-year growth in domestic EV sales during the first quarter of 2025, capturing over 15% of the U.S. EV market share.

Rory Harvey, executive vice president and president of global markets at GM, stated, “Customers are responding in record numbers to our world-class portfolio of electric and gas-powered vehicles. In the first two months of the second quarter,we more than doubled our EV sales compared to the same period last year.”

Automaker EV Sales (Jan-May 2025) Year-over-Year Change
General Motors 62,000 +94% (Q1 2025)
Ford 34,132 -25%
Tesla *See Below -9% (Q1 2025)

Pro Tip: Monitor EV sales data from reliable sources like the Cox Automotive to stay informed about market trends.

Market Dynamics and Consumer Behavior

According to Sam Fiorani, vice president of AutoForecast Solutions LLC, part of the sales increase can be attributed to price-conscious buyers concerned about potential tariff increases and legislative efforts to eliminate the $7,500 EV tax credit.

“The idea that parts may be in short supply, costs may go up, all of these factors are weighing on the decision-making of buyers today,” Fiorani explained.”If they believe that they’re going to need a vehicle in the next few months, a lot of them have moved to the dealership now to purchase while they believe the prices will be lower.”

Tesla’s Dominance Faces Challenges

While GM has made significant strides, Tesla remains the leader in EV sales. however, Tesla’s dominance is diminishing due to increased competition from both domestic and Chinese automakers. Tesla sold 1.3 million cars in the first quarter of 2025, a 9% decrease from the previous year, according to Bloomberg. Tesla’s share of the U.S. EV market has declined from nearly two-thirds to less than half in the past two years,as reported by Bloomberg.

The Rise of Chevrolet

chevrolet’s strong performance is a key factor in GM’s success. The brand’s diverse EV offerings, including the Bolt EV and Bolt EUV, appeal to a wide range of consumers. The introduction of new models like the Silverado EV is also expected to further boost GM’s EV sales in the coming years.

What factors do you think will most influence EV adoption in the next year? How will government incentives impact the EV market?

The Electric Vehicle Revolution: A Long-Term Perspective

The shift towards electric vehicles represents a essential change in the automotive industry. Driven by environmental concerns, technological advancements, and government policies, the EV market is poised for continued growth in the coming years. The increasing availability of charging infrastructure, declining battery costs, and growing consumer awareness are all contributing to the widespread adoption of EVs.

the history of electric vehicles dates back to the 19th century, but it was not until the 21st century that EVs began to gain significant traction. The introduction of the Tesla Roadster in 2008 marked a turning point,demonstrating that electric cars could be both high-performance and desirable. As then, numerous automakers have invested heavily in EV growth, resulting in a diverse range of electric models available to consumers today.

Frequently Asked Questions About Electric Vehicles

What are the key benefits of driving an electric vehicle?
electric vehicles offer several advantages,including lower running costs,reduced emissions,and a quieter driving experience. They also require less maintenance than gasoline-powered cars.
How long does it take to charge an electric vehicle?
Charging times vary depending on the charging method and the vehicle’s battery capacity. Level 1 charging (using a standard household outlet) can take several hours, while Level 3 charging (DC fast charging) can provide a significant charge in as little as 30 minutes.
What is the range of a typical electric vehicle?
The range of electric vehicles has improved significantly in recent years. Many new EVs offer a range of 200 miles or more on a single charge. The U.S. Department of Energy provides detailed details on EV range and charging.
Are electric vehicles more expensive than gasoline-powered cars?
The initial purchase price of electric vehicles can be higher than that of comparable gasoline-powered cars. However, government incentives and lower running costs can help offset the higher upfront cost. Over the long term, EVs can be more cost-effective.
How does cold weather affect electric vehicle performance?
Cold weather can reduce the range of electric vehicles due to the impact on battery performance. Though, many EVs are equipped with features such as battery pre-conditioning to mitigate the effects of cold weather.
What is the environmental impact of electric vehicles?
Electric vehicles produce zero tailpipe emissions, which helps to improve air quality in urban areas. Though, the overall environmental impact of EVs depends on the source of electricity used to charge them. When powered by renewable energy sources, EVs offer a significant reduction in greenhouse gas emissions.
What are the latest advancements in electric vehicle technology?
Recent advancements in EV technology include improved battery energy density, faster charging speeds, and enhanced driver-assistance systems. Automakers are also investing in the development of solid-state batteries, which promise to offer even greater range and safety.

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