A fully electric Corolla? Toyota’s best-selling car of all time looks to be finally going electric after the automaker previewed the Corolla EV for the first time.

Is Toyota’s best-selling car getting an electric version?

Since it first launched over 50 years ago, the Corolla quickly became one of the most popular vehicles in nearly every pocket of the globe.

In the late 90s, it even surpassed the Volkswagen Beetle to become the best-selling car in the world, not just Toyota’s.

After holding the crown for over two decades, the Toyota Corolla finally lost its title to the Tesla Model Y in 2023. Although it’s still a top-seller globally, the Corolla appears to be in line for its biggest update yet.

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Toyota previewed what appears to be a fully electric Corolla for the first time during a live stream event in Japan on Monday. The commercial showed several “never-before-seen cars” that will be unveiled at the Japan Mobility Show later this month.

One of the concepts shown was a new, seemingly electric Corolla. Outside of the big COROLLA logo on the back, you can hardly tell it’s the sedan Toyota currently has on sale today.

The concept features a closed-off grille and an apparent charge port on the front, hinting it is, in fact, electric. It also draws from Toyota’s latest design theme showcased on new EVs like the updated bZ4X and 2026 CH-R Electric.

It also looks nearly identical to the bZ3, a BYD-powered electric sedan that Toyota has been selling in China since 2023.

Toyota didn’t reveal any other details about the concept, but said the vehicle will appear at the Japan Mobility Show, which starts on October 30, 2025. Press days open on October 29, so check back soon for more info.

Electrek’s Take

The Corolla may be going electric, but don’t expect Toyota to drop the internal combustion engine (ICE) version anytime soon.

Given that Toyota is still standing by its commitment to offer vehicles across all powertrain options, even if it does launch an electric Corolla, it will likely be sold alongside ICE, plug-in hybrid, and hybrid variants.

Either way, an electric sedan would fit in Toyota’s EV lineup, which will include mostly SUVs like the bZ4X (now just the 2026 bZ in the US), CH-R+, and Urban Cruiser.

Would an electric Toyota Corolla compete with the Tesla Model 3? Let us know what you think in the comments.

Personal use eVTOL developer Jetson continues to showcase to the public how exciting an aerial eVTOL racing format can be. The company recently showcased a racing format concept it calls the Jetson Air Games, in which four single-rider Jetson ONE eVTOLs raced head-to-head around a series of pylons during the annual UP.Summit. We highly suggest checking out the video footage below.

Jetson is startup founded in 2017 specializing in electric vertical take-off and landing (eVTOL) vehicles. By developing smaller eVTOLs, Jetson originally hailed itself as the first competitor to provide commercially available personal aerial vehicles to the public.

And it has.

Last month, Jetson completed its first global customer delivery, which included a Jetson ONE for Oculus founder and tech entrepreneur Palmer Luckey.

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Before any customer deliveries, however, Jetson had been teasing the idea of using its flagship eVTOL product for racing purposes. In December 2024, the company released footage showing Jetson co-founder and CTO Tomasz Patan demonstrating the precision and agility of the Jetson ONE by navigating around an 8-meter (26ft) tall pylon.

According to a concurrent release, the pylon was a new item that Jetson began producing to encourage and support plans for a new league of eVTOL races. As we pointed out at the time, Jetson’s eVTOL racing idea was nothing new. A team called Airspeeder in Australia has been doing it for years with its own unique eVTOLs it calls “Speeders.”

While Airspeeder has completed eVTOL races, it has yet to do so with actual pilots on board. That’s the goal, but it still hasn’t happened yet, which left the door open for Jetson to be the first with its tech.

The Jetson ONE currently costs $128,000, but the company shared plans to increase that starting price to $148,000, beginning November 3, 2025. As promised, here’s video footage of Jetson’s racing showcase below:

After the Commercial Clean Vehicle Credit (Section 45W) expired on September 30, the “experts” rushed out predictions of an EV sales slowdown in Q4. But, with over 6,800 pages in the Internal Revenue Code still in play, a turbocharged Section 179 tax credit could still power a strong Q4 for commercial EVs.

The One Big, Beautiful Bill Act (OBBBA) of 2025 gutted America’s energy independence goals and ensuring its auto industry would fall even further behind the Chinese in the EV race, but the loss of Section 45W wasn’t the only change written into the IRS’ rulebook. Section 179, an immediate expense reduction that business owners can take on depreciable equipment assets, has been made significantly more powerful for 2025.

The section 179 expense deduction is limited to such items as cars, office equipment, business machinery, and computers. This speedy deduction can provide substantial tax relief for business owners who are purchasing startup equipment.

INVESTOPEDIA

The revised Section 179 tax credit (or, more accurately, expense reduction) allows for a 100% deduction for equipment purchases has doubled to $2.5 million, with a phase-out kicking in at $4 million of capital investments that drops to zero at $6.5 million. That credit and can be applied to new and used vehicles, as well as charging infrastructure, battery energy storage systems, specialized tools, and more (as long as they’re new to you).

Work the tax credit

“But wait,” as they say. “There’s more!” A revised Section 168(k) also allows for bonus depreciation on eligible equipment and property, accelerating depreciation for a reduced tax burden.

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Fleets can take both the bigger Section 179 and 168(k) bonus depreciation allowances, but Section 179 must be applied first, leaving only qualifying purchases over the $2.5 million limit to be taken in bonus depreciation.

It’s a bit convoluted (what good tax code isn’t?), but these tax incentives are great for businesses looking to buy enough electric equipment assets to exceed the Section 179 spending limit – and, given the new Uber/Tesla semi truck purchase plan, the continued growth of the electric terminal tractor market, and the willingness of several utilities to incentivize both electric commercial vehicles and the deployment of smart EV charging infrastructure, that number may be bigger than you think.

Electrek’s Take Disclaimer

Tax law is weird. Not only are there Federal tax laws and rules that need to be followed, but state and even local county and city rules, as well. As such, you want to make sure they don’t get you the way the got Capone.

Even worse, your favorite journalist (Hi!) is probably an idiot. Get a certified accountant and tax law expert to help walk you through the dirtier details of your specific scenario – but don’t let the complexity of human interaction slow you down, either. The really rich guys you know pay pennies on the tax dollar compared to you and me, because they’re not afraid to ask their accountants for help.

The TL;DR version, though, is this: there’s still plenty of incentives out there for fleet operators looking to electrify their operations.

SOURCES | IMAGES: Equipment World, Investopedia, Volvo.

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