Toyota is about to hike vehicle prices, but by how much?
Toyota is the latest car maker with plans to raise vehicle prices in the US. The price hikes apply to Toyota and Lexus-branded models built from July 1. Here’s how much more you can expect to pay.
Why is Toyota raising vehicle prices in the US?
If you were planning on buying that brand-new Toyota, you might want to get on it. Starting next month, the average cost of a new Toyota will increase by $208. Lexus brand vehicle prices are going up by $208 on average.
Toyota is the latest in a string of automakers to announce it’s planning to raise US vehicle prices, including Subaru, Ford, and Mitsubishi.
Although most automakers cited the Trump administration’s new auto tariffs as a reason for the price hikes, a Toyota representative said that “the tariffs were not a direct factor.”
Toyota claims that the price adjustments are based on market trends. According to the spokesperson (via Nikkei), “In addition to a vehicle’s quality and customer appeal, prices are determined based on market trends and the stance of competitors.”
Like many carmakers, Toyota adjusts prices annually. Although the tariffs may not have been “a direct factor,” they were still likely a big part of the decision.
Toyota’s imported vehicles account for about 45% of its US sales. The company imports about 500,000 cars to the US each year from Japan. It also imports vehicles from its plants in Mexico and Canada, which also face higher tariffs.
Last week, the Japanese automaker raised delivery, processing, and handling fees on Toyota models by $71 and $108 for Lexus-branded models.
Toyota didn’t specify which vehicles were included, but we will find out soon, as the price hikes are set to take effect on vehicles produced from July 1.
In May, a Ford spokesperson confirmed to Electrek that the company planned to increase prices on the Mustang Mach-E, Maverick pickup, and Bronco Sport, all of which are manufactured at its plant in Mexico. The higher prices went into effect on imported cars after May 2.
According to the spokesperson, the move is part of the company’s “usual mid-year pricing actions combined with some tariffs we are facing.”
Other Japanese automakers, including Nissan and Honda, have not raised vehicle prices. Hyundai Motor Group, which includes Kia and Genesis, is ramping up US production to avoid potential price hikes.
Looking to snag the savings while they are still here? Toyota is currently offering clearance savings on its electric vehicles as it prepares to introduce new models. The bZ4X, Toyota’s electric SUV, is available with up to $19,000 in lease cash with monthly leases starting as low as $269 per month. You can use our link to find Toyota bZ4X models at a dealer near you today.
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With much of the US sweltering under a record-breaking heat dome, many EV buyers and owners are left wondering how their favorite electric cars perform in extreme summer temperatures. A new study tracking over 29,700 electric cars in real-world conditions provides the answers, and we’re sharing them here: these are the EVs that handle the summer heat best.
The EV leasing and subscription specialists Recurrent Auto have had tens of thousands of new and used EVs in their database over the years, giving them a massive dataset to analyze and draw conclusions from. So when they published their findings about which EVs had the best range in 90- and 100-degree weather, it was required reading for any would-be EV expert.
“Most of the country has a heat advisory right now, so we’re fielding lots of questions about EV batteries in extreme heat,” reads the intro to the Recurrent report. “Here’s the deal … electric cars work perfectly fine in hot weather. Range loss at 90F (32C) is minimal. Less than 5% change.”
Like many real-world aspects of EV ownership and longevity, that seems a lot better than what most people – or even most analysts would likely tell you. So, what gives?
“When temperatures pass 100F (37C), range impacts can be 17-18%,” they continue, “but these reductions are temporary while the AC is working to keep passengers cool … we advise that owners and dealerships avoid letting an EV sit with extremely low states of charge in this heat. An EV uses its battery power to keep the battery cool.”
The infographic
Recurrent’s findings put the Audi e-tron in the top spot, followed closely by recent JD Power favorites BMW i4 and Rivian R1S, all of which reportedly lose less than 3% of their range, even at an absolutely blistering 100°F.
To put those percentages into some easier to digest numbers (and fix the fact that Recurrent’s infographic makes it look, to my eyes, like you can’t drive a Nissan Ariya or Chevy Blazer at 100+ degrees), I’ve done the math, starting with the EV’s EPA-rated range under “ideal” conditions, then translated that using the percentages from Recurrent.
Would I bet my family’s safety and convenience on this rough-and-tumble chart while planning my next road trip? Absolutely not – go download Chargeway for that. Would I do the math because it’s a fun mental exercise that’s going to generate fun comments? Absolutely.
Check out the math, below, and if you see an EV you like in there click on the link in the table to go find a great local deal on a hot weather ready electric car near you. Links to Rivian and Tesla dealers weren’t included because they don’t have dealers.
EV range in extreme heat
SOURCES: Recurrent Auto, via LinkedIn; featured image via Audi.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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Time-of-use electricity plans are hardly a new concept, but what makes Octopus Energy’s new time-of-use plan, OctopusFlex, great is that it’s ridiculously simple.
It rewards its customers in Lubbock, Texas, for using power between 10 pm and 6 am with cheaper rates, when the grid is quieter and cleaner. That means big savings for choosing to run your dishwasher or washer and dryer at night or charging your EV while you sleep.
And if customers use EV charger apps and smart thermostats, OctopusFlex automatically shifts electricity use to off-peak hours, which makes a real difference in accessing lower rates and saving money.
“This is about more than off-peak discounts,” said Nick Chaset, CEO of Octopus Energy US. “We’re giving customers the power to save money while actively supporting a cleaner, more balanced grid.”
Built around customer feedback, OctopusFlex is designed for total transparency. Customers can see exactly how and when they’re using electricity, what it’s costing them, and no connected devices are required. All they have to do is remember that electricity is cheaper from 10 pm to 6am.
“We’re thrilled to launch OctopusFlex, a plan our customers asked for and helped name,” said Katie Rosario, marketing manager. “With OctopusFlex, customers can shift energy use on their terms to save money.”
And in the summer, when solar power is strong and demand shifts, OctopusFlex customers could see low rates not just overnight, but all day long. (This program is designed for folks who don’t have solar and battery storage.)
“Time-of-use is one of the easiest ways to cut energy bills and reward flexibility,” said Daniel Kirwin, product manager. “We couldn’t be more excited to bring this to Texas.”
By nudging demand to off-peak hours, OctopusFlex helps reduce the strain on Texas’ grid during scorching summer afternoons, cuts the risk of blackouts, and makes room for more renewable energy.
Want to make the most of it? Pre-cool your home in the early morning, run big appliances overnight, charge your EV after 10 pm, and use smart plugs or timers to set and forget.
OctopusFlex is now live in Lubbock, Texas, where Octopus Energy became a retail provider in early 2024. Octopus Energy launched in 2016 and entered the US market in 2020. The company is part of Octopus Group, a global certified BCorp operating in 18 countries.
Read more: This Texas EV lease company includes unlimited free home charging
To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*
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