eVTOL developer Joby Aviation announced it has signed a long-term supply agreement with Toyota Motor Corporation to support a mutual goal of reaching mass production of electric passenger aircraft in the US. The agreement extends upon an existing partnership between the two companies.
Joby Aviation, Inc. ($JOBY) is a California-based company developing electric, vertical takeoff and landing (eVTOL) aircraft with the goal of operating a fast, quiet passenger transportation service to cities around the globe.
The start-up caught our attention back in 2018 when it announced $100 million in funding, led by some big names in tech, including the venture arms of Intel, JetBlue, and Toyota. In 2020, Toyota led Joby’s Series C funding round, investing $394 million of the $590M pledged.
As part of the investment, Toyota acquired a minority stake in the eVTOL company as part of a collaboration in which it said it would share its expertise in manufacturing, quality, and cost controls to support Joby’s development and production of electric aircraft.
Today, Toyota and Joby have extended their yearslong relationship with a new supply agreement to further the latter’s progress of scaling eVTOL production.
Kazuhiro Sato (left) and Jordin Gischler (right) hold a tilt actuator manufactured at Joby’s San Carlos production facility with key parts supplied by Toyota / Credit: Joby Aviation
Toyota to supply key eVTOL parts to Joby Aviation
As Joby Aviation’s largest external shareholder, Toyota is now expanding its involvement in eVTOL development and production. Through previously announced collaborations, Toyota has already shared production and assembly advice, including insight into the design of Joby’s pilot production line in Marina, California.
Under a new long-term agreement, Toyota will supply Joby with key powertrain and actuation components vital to the production of its eVTOLs. Toyota Motor Corporation Connected Company president Keiji Yamamoto spoke to the latest agreement with Joby Aviation:
We are very pleased to have reached this milestone with our key partner. Our mutual goal is mass production of eVTOL and helping Joby apply the best practices of the Toyota Production System in meeting high quality, reliability, safety, and strict cost standards. We are excited about the potential for further collaboration as we seek to realize Mobility for All with a seamlessly integrated air-to-ground mobility network.
The key eVTOL components will be designed by Joby and manufactured by Toyota. Those parts will then be shipped to Joby’s powertrain and electronics facility in San Carlos, California, for final assembly before shipping to the aviation company’s pilot production line in Marina for eVTOL integration.
The pilot line was designed by both companies to validate scalable tooling and assembly process at low volumes before attempting mass eVTOL production. With Toyota’s help, Joby is confident it can deliver a “best-in-class” eVTOL at scale.
Looking ahead, the eVTOL technology could eventually transport passengers in Toyota’s native Japan, as Joby is already working with the automaker’s subsidiary Aero Asahi on a taxi shuttle service overseas. Joby relayed that it has already applied to the Japan Civil Aviation Bureau (JCAB) to validate its aircraft type certification and plans to obtain Federal Aviation Administration (FAA) certification as well.
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With new models rolling out from General Motors, Porsche, Honda, and several others, US EV sales increased by over 10% in the first three months of 2025. Nearly 300,000 EVs were sold in the first quarter of 2025. These were the top-selling models.
New EVs drive US sales growth in Q1 2025
Electric vehicle sales showed mixed results in the first quarter. Although Tesla is the center of attention as it continues to lose market share, several new EV models made an impressive debut.
With over 30,000 EVs sold in the first quarter, more than double the number sold last year, GM surpassed Ford and Hyundai Motor, placing second behind Tesla. GM’s Chevy is now the fastest-growing EV brand in the US, with the new electric Equinox, Blazer, and Silverado arriving.
GM sold 10,329 Chevy Equinox, 6,187 Blazer, and another 2,383 Silverado EVs in Q1. Thanks to its partnership with GM, Honda had an impressive sales quarter, selling over 14,000 EVs, including its luxury Acura brand.
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The Prologue SUV remained one of the top-sellers with 9,561 units sold in the first quarter, while the Acura ZDX added another 4,813.
New Entries: EV sales volume in Q1 2025 (Source: Cox Automotive)
According to Cox Automotive, Honda led EV sales growth for new entrants in Q1, followed by Acura, Jeep, and Dodge.
Jeep sold 2,595 Wagoneer S models during the quarter, its first electric SUV sold in the US. Dodge, another Stellantis-owned brand, sold 1,947 Charger EVs, or what it calls the world’s first electric muscle car.
Although Chevy’s Equinox EV made a statement in Q1, Ford’s Mustang Mach-E remained the top-selling non-Tesla with 11,607 models sold.
Rank
EV model
Q1 2025 sales
1
Tesla Model Y
64,051
2
Tesla Model 3
52,520
3
Ford Mustang Mach-E
11,607
4
Chevrolet Equinox EV
10,329
5
Honda Prologue
9,561
6
Hyundai IONIQ 5
8,611
7
Volkswagen ID.4
7,663
8
Ford F-150 Lightning
7,187
9
BMW i4
7,125
10
Tesla Cybertruck
6,406
Top 10 best-selling EVs in the US in Q1 2025 (Source: Cox Automotive)
After introducing the upgraded 2025 IONIQ 5 (which now has even more range and an NACS charging port), Hyundai sold 8,611 electric SUVs in Q1, an increase of 26% from last year.
Porsche had the highest EV sales volume growth after launching the electric Macan. With 3,339 units added, the Macan EV made up for Porsche Taycan sales falling 18% to just 1,019.
EV sales volume change by brand Q1 2025 vs Q1 2024 (Source: Cox Automotive)
As Cox Automotive Analyst Stephanie Valdez Streaty noted, “The year certainly started strong, but the road ahead will be anything but smooth.”
Trump ending federal incentives and introducing new tariffs will “pose a monumental challenge for many automakers,” according to Valdez Streaty. Despite several new models arriving and significant incentives being offered (at least for now), the rest of 2025 “will likely be a volatile one for EV sales in the US.”
Ready to score some savings while they are still here? We can help you get started. You can use our links below to find deals on the top-selling EVs in your area.
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Based on a capable Volvo FM Electric 8×4 chassis, Putzmeister revealed one of the world’s largest all electric concrete pump trucks at the bauma equipment expo in Munich, Germany this week. The zero-emission concrete pumper can up to 50 km and pump approximately 50 cubic meters of concrete on a single charge.
50 km (a little over 30 miles) and 50 cubic meters (about 65 cubic yards) may not seem like impressive numbers, but consider this: a single cubic yard of concrete weighs a little over 4,000 lbs. (2 tons). A bit of simple math later, and you’ve got a quiet, vibration-free machine blasting (65 cu. yds ×4,100 lbs./yd = 266,500 lbs.) of construction material nearly 140 feet (42 meters) in the air.
That’s over 130 tons of construction material moved a really long way, and that’s (of course) without the use of diesel or gas.
“Volvo Trucks is the innovator when it comes to new technologies in combination with electric trucks. After presenting electric concrete mixers and heavy applications for mining, we are proud to show yet another world-class innovation for the construction segment here at bauma,” says Christoph Fitz, Head of Sales at Volvo Trucks in Germany. “With this electric pump truck, customers can have a zero-exhaust emission solution, low-noise operation and an efficient process thanks to the work-while-charging capacity.”
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The Volvo FM Electric-based concrete pump is motivated by a pair of electric motors developing a continuous 330 kW (442 hp) of output through the company’s proprietary I-Shift gearbox. The truck’s four battery packs add up to 360 kWh of capacity, which can DC fast charge at speeds up to 250 kW or operate continuously (pumping even more material) with grid power or PU500 remote power connection.
This week on Electrek’s Wheel-E podcast, we discuss the most popular news stories from the world of electric bikes and other nontraditional electric vehicles. This time, that includes an analysis of how the Trump tariffs will affect e-bike pricing in the US, USB-C chargeable e-bikes launched by Ampler, Specialized e-bike recall, Juiced Bikes revived as a brand, kayak camping with the JackRabbit XG Pro, Walkcar’s new device that does the walking for you, and more.
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