Toyota’s EV sales were up 9% in the first three months of 2024, but only 1,897 Toyota electric vehicles were handed over in the US. That’s only a fraction of Toyota’s over 486,000 total Q1 US sales.
Toyota’s US EV sales fall behind the competition in Q1
After a rocky start with its first fully electric vehicle, the bZ4X, Toyota continues falling further behind rivals in the US EV market.
Toyota sold 827 bZ4X models in the US last month for a total of 1,897 through Q1 2024. Although that’s up 9% from the 1,698 handed over last year, Toyota’s sole EV accounted for a minuscule 0.4% of its total US sales.
The automaker sold 486,627 vehicles in the US in Q1, up 18% from last year. Including Lexus, Toyota sold 565,098 cars in the US in Q1.
With only 1,603 Lexus RZ EV models sold so far this year, Toyota’s (including Lexus) US EV sales still accounted for only 0.6% of its overall output.
Toyota promotes “electrified” vehicle sales (including hybrids) “surged” 61% in March, representing 36.4% of sales volume.
First quarter electrified sales reached 206,850, up 74% YoY, accounting for 36.6% of total sales volume.
Although US automakers Ford and GM have both pulled back EV initiatives with plans to use hybrids as a “bridge” to all-electric vehicles, Toyota has been the most outspoken against going all-in on EVs over the years.
The automaker has unveiled plans for next-gen EVs and battery tech, but it’s not due out for another few years.
Electrek’s Take
Toyota continues falling further behind the EV market. With EVs still accounting for less than 1% of Toyota’s total Q1 output, the automaker is far behind the competition.
By now, many automakers are already hitting double-digit or even 100% EV sales. Overseas rivals Hyundai and Kia started the year strong with EV sales setting new Q1 sales records.
Hyundai sold 6,822 IONIQ 5 models in a record-setting first quarter. Meanwhile, IONIQ 6 sales reached 3,646 in Q1.
Kia’s new EV9 caused a 151% surge in EV sales last month. Through the first three months of the year, Kia sold over 4,000 units of its three-row electric SUV, and Kia EV6 sales also reached over 4,000 in Q1.
Despite preparing to shut down its Normal, IL plant for upgrades to cut costs, EV startup Rivian delivered 13,588 vehicles last quarter.
Tesla delivered 386,810 vehicles in the first quarter despite missing expectations by a wide margin, 369,783 of which were Model 3 and Model Y.
Toyota’s “hybrid ” strategy could end up costing it in the long run as Tesla, Rivian, Hyundai, Kia, Volvo, and others look to steal market share.
Toyota revealed its 2024 bZ4X earlier this year, but starting at $43,070 with up to 252 miles range can the EV keep up with the competition?
Let us know what you think in the comments.
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Porsche’s long-awaited Macan EV will finally hit US dealers on September 30th, and we’ve also just learned that it will have an EPA-certified range of 308 miles, or 288 for the “Turbo” version.
We’ve been waiting what seems like forever for the Porsche Macan to come out – Seth even got to go see it in Germany last October – and now the car is finally (almost) here, arriving later this month in US dealers.
Porsche told us that the ships carrying the cars are en route, and depending on which coast you’re on, they should arrive in the last week or two of this month. But Porsche and its dealers have been communicating the Sept 30th date for Macan availability – so if you’re looking forward to this car, you’ve only got a couple weeks to get your affairs in order (you can use our affiliate link to contact local dealers and get in line).
And today we’ve learned one of the final steps before getting these cars on the road has been submitted, as the Macan EV has been officially rated at 308 miles EPA range, or 288 miles for the Turbo. These numbers are lower than the European 381-mile WLTP range, but WLTP ranges are always higher due to different testing protocols.
So we expected a range of around 300 miles for the Macan EV, and that’s what we got. Though Porsche also told us that range will be “10-15% higher in real world.”
These range numbers translate to an MPGe rating of 98, or 91 MPGe for the Turbo version. Both of these numbers are higher than any Taycan efficiency numbers, which is somewhat incongruous given the Macan is a larger vehicle.
However, other preliminary US reviews we’ve seen showed the Macan having high-200s mile range. We haven’t had a chance to do a range test on the Macan ourselves, yet, so we can’t confirm those numbers.
So, as usual, “your mileage may vary,” but it looks like the car will have more than enough range for buyers.
It’s also capable of 270kW charging, which Porsche says will allow it to charge from 10-80% in 21 minutes. This is plenty quick enough to fill up at a lunch stop, long bathroom + stretch break, or whatever else, and get you back on the road without significant delay.
In this day and age, quick charging speeds is really the more important thing to focus on anyway, and there are big changes on the horizon in that respect, with Porsche committing to NACS connectors in 2025.
However, despite the Macan EV being a 2025 model, it will retain the previous SAE CCS port, and will not use the NACS part for the foreseeable future. So you’ll have to stay tuned for more updates in that respect, including potential adapter availability (Porsche is currently not on Tesla’s NACS “coming soon” page, and the NACS rollout has been slowed by Supercharging chaos caused by Tesla CEO Elon Musk’s impromptu firing of the entire Supercharger team).
If our coverage of EVs has been helpful to you, you can use our affiliate link to contact your local dealers about the 2025 Porsche Macan, and ask them to put you in line for the Macan EV when it shows up at the end of this month.
Hydrogen-electric plane developer ZeroAvia has completed another successful financing round, led by some of its previous investors and some new ones. The sustainable aviation specialist plans to use the fresh funds to expedite the certification of its first powertrain and support selling its in-house components to other electrified aviation OEMs.
ZeroAvia has tasked itself with delivering 40—to 80-seat aircraft with up to 700 miles of range by 2027. So far, its sustainable technology has amassed some heavy hitters’ interest (and funding) in the segment to help push development forward.
In 2022, ZeroAvia secured over $30 million in funding, including investments from American Airlines, which joined Alaska Airlines and United in the hydrogen-electric plane venture.
2023 included several new partnerships and a fresh round of funding led by Airbus, Barclays, and Saudi Arabia’s “living laboratory,” NEOM. In late November, ZeroAvia announced a deal to provide up to 70 zero-emission planes to sustainable startup airline EcoJet, which looks to become the world’s first all-electric airline.
This past July, American Airlines committed to a large purchase of zero-emissions engines alongside a fresh investment in the aviation startup’s technology as part of a Series C fundraising round. Today, ZeroAvia announced it has extended upon that Series C round, which has now been completed for a total of $150 million.
ZeroAvia adds more names to its investment rolodex
The sustainable aviation company shared details of its extended financing round today. This included a 20 million euro £20m (23.7M euros) investment from the Scottish National Investment Bank, aka “The Bank,” which joins other investors like American Airlines, International Airlines Group (IAG), and ITOCHU Corporation.
ZeroAvia shared that the round was co-led by Airbus, Barclays Sustainable Impact Capital, and the NEOM Investment Fund (NIF). UK Infrastructure Bank joined as a cornerstone-level investor, and existing shareholders like Breakthrough Energy Ventures, Horizons Ventures, Ecosystem Integrity Fund, Summa Equity, Alaska Airlines, Amazon’s Climate Pledge Fund, and AP Ventures also participated.
The funding will enable the aviation startup to accelerate its progress toward certifying its first hydrogen-electric plane powertrain for commercial operations. Per ZeroAvia founder and CEO, Val Miftakhov:
We have closed an exceptionally strong financing round to help us deliver the clean future of flight for the entirety of aviation. As a purpose–driven impact investor, the Bank is an ideal partner for ZeroAvia. Scotland’s ambitious net zero targets, its strategic focus on hydrogen and its strong existing aerospace skills base make it an attractive place for ZeroAvia’s UK production operations as we scale into a major aerospace manufacturer.
In addition to locking in flight certification, ZeroAvia says the $150M in funding will help it begin sales of its in-house aviation technology, including electric motors and fuel cell power generation systems, to other companies.
ZeroAvia has already flight-tested a prototype of its first ZA600 engine, implemented aboard a Dornier 228 aircraft at its UK base, and its application for certification with the CAA is already underway. Additionally, the company has completed advanced ground tests in the US and UK of its ZA2000 system, which can someday help sustainably propel 80-seat regional turboprop aircraft.
That larger and more advanced propulsion system includes cryogenic tanks for LH2 and proprietary high-temperature PEM fuel cell and electric systems.
Tesla’s rollout of Full Self-Driving v12.5 has failed so far, and owners want to know what happens next?
In 2016, Elon Musk announced that all future Tesla vehicles would come equipped with the necessary hardware for self-driving capabilities, even specifying “level 5 self-driving,” which implies the ability to operate autonomously under any conditions. However, shortly after, Musk acknowledged that Tesla might require more onboard computing power than initially thought, leading to the introduction of Hardware 3 (HW3).
Musk assured that HW3 would enable full self-driving (FSD) capabilities, promising retrofits for earlier models that had purchased the FSD package. Following this, Tesla introduced Hardware 4 (HW4), a more advanced onboard computer system, but did not offer retrofits for older models with HW3, maintaining that HW3 was sufficient for achieving self-driving through software updates.
Initially, Musk claimed that FSD improvements would first be optimized for HW3, suggesting that HW4 might lag behind by at least six months. However, Tesla reversed this approach with the release of FSD version 12.5, which was first deployed to HW4 vehicles. Musk explained that optimizing the software for the less powerful HW3 would take additional time, hinting at the limitations of HW3 in handling the latest software advancements towards unsupervised self-driving, a capability Tesla promised to HW3 owners since 2016.
This rewrite aims to streamline the narrative, focusing on the evolution of Tesla’s self-driving hardware and software, and the strategic shifts in deployment and optimization of FSD capabilities between HW3 and HW4.
Musk said that it would take ten days to adapt v12.5 to HW3.
Not only was the update to HW3 late, but Tesla also confirmed that it was running a smaller model than on HW4.
On top of all that, now three weeks later, Tesla has yet to push v12.5 to the vast majority of FSD vehicles with HW3. Tesla appears to only have pushed v12.5.1.5 to some Tesla HW3 owners and it is now moving HW4 cars to v12.5.2.
Social media and Tesla forums are full of Tesla HW3 owners asking why they haven’t released a new update since v12.3.6 earlier this year despite Musk’s comments.
In its “AI roadmap” released last week, Tesla now claims that HW3 will get the same release as HW4 starting with v12.5.2 this month.
However, v12.5.2 is already in the consumer fleet for HW4 cars and v12.5.3 is already being tested in the beta fleet.
Electrek’s Take
This article is mainly to correct our article from last month that claimed Tesla was pushing v12.5 to HW3 since it turned out to be a very limited release.
Earlier this year, Elon said that Tesla was not compute-constrained for training FSD anymore. He also claimed that the training compute combined with v12’s full end-to-end neural nets would enable much faster software improvements.
And yet, the vast majority of HW3 owners have only received v12.3.6 this year.
That, combined with the fact that Tesla’s AI roadmap makes no mention of unsupervised self-driving whatsoever, and Tesla seemingly stopped promising it on new cars, has completely killed my hopes of Tesla delivering on its self-driving promises on HW3 cars and it has greatly limited by hopes of the same for HW4 cars.
I wouldn’t be shocked if Tesla fully shifts its self-driving strategy to the dedicated robotaxi, but I have no idea how they plan to make HW3 and possibly HW4 owners whole.