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 world and that its EV portfolio is pretty sparse, at least at the moment, so it’s no surprise that Toyota is leaning on its internal combustion and hybrid models to help it reach record profits by the end of this fiscal year that closes on March 31, 2024.
