Toyota Cuts EV Sales Expectations By 39 Percent As Its Profits Soar Thanks To Hybrids

[kobayashiGT]

Source: https://insideevs.com/news/694239/toyota-cuts-ev-sales-expectations-record-profit/

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.

Previously, the Japanese group predicted that its operating profit would match a record-high level of 3 trillion yen ($20.1 billion), but with the latest financial report, that prediction has gone up to 4.5 trillion yen ($30.15 billion).

Until the fiscal year ends, Toyota wants to sell 3.6 million traditional hybrids worldwide, up from an earlier outlook of 3.5 million, while total electrified vehicle sales – including EVs, hybrids, plug-in hybrids, and hydrogen fuel cell vehicles – are expected to reach 3.9 million, up 42 percent from the previous fiscal year. Electrified vehicles will account for about 37 percent of the carmaker’s total sales.

In total, the Toyota and Lexus marques are expected to manufacture a record 10.1 million vehicles this fiscal year, while the outlook for consolidated global retail sales has gone up to a record 11.38 million units in the current fiscal year.

In the last fiscal quarter, Toyota registered a pretty rare double-digit operating profit margin of 12.6 percent worldwide, more than double the year before when it had a margin of 6.1 percent.

 

[kobayashiGT]

Hahha. Whatever makes money, we don't change it. . . . 

[Watwheels]

Toyota all along covers all segment and price range and even unker cars like Camry, haha. They do not neglect their loyal aging customers. This is where they do better than companies like Tesla which only focus on ev.

[limpeh6969]

atm hybrid cars are still the best choice imho...till the day when charging takes as little time as pumping, and charging stations as many as petrol stations

[Stary]

Hybrid is the way to go I feel, at least for now.  I have no idea why people wants EV when charging stations are far from few and it still take darn long to recharge.

Wait until the day when recharging just takes  a minute and the number of charging stations are as many as petrol pumps, then maybe can consider.

[Heartbreakid]

EV is just a scam.

1st, EV long charging duration.

2nd, Actual range pales with ICE and Hybrids. Many step backwards actually.

3rd, expensive.

With all the high power and fast 0 to 100km/h are just for the trill of an EV rather than actual practicality. EV progresses too fast but its technology has yet to mature.

Hybrid is a win win for now.

 

[boonhat_91]

On 11/2/2023 at 6:29 PM, Heartbreakid said:

EV is just a scam.

 

3rd, expensive.

 

 

Which means that all the incentives (many countries have some form of incentive) for switching to EV are actually just funneling taxpayer money into rich pockets

[Stary]

Frankly how is EV green when all the lithium required to do batteries are mined out from earth? That mining process requires lots of water and energy, not to mention negatively impacting the environment.

Then the electricity needed for re-charging, isn't that also mostly from fossil fuel?

[kobayashiGT]

On 11/3/2023 at 5:12 PM, Starry said:

Frankly how is EV green when all the lithium required to do batteries are mined out from earth? That mining process requires lots of water and energy, not to mention negatively impacting the environment.

Then the electricity needed for re-charging, isn't that also mostly from fossil fuel?

3rd world country pollute the world, not the 1st world city. hahahahha 

[Kklee]

On 11/3/2023 at 10:53 AM, boonhat_91 said:

Which means that all the incentives (many countries have some form of incentive) for switching to EV are actually just funneling taxpayer money into rich pockets

IMHO.
ICE,  $ goes to the oil companies. 
EV,  $ goes into utilities company which is own by government.

[Spidey10]

On 11/3/2023 at 5:12 PM, Starry said:

Frankly how is EV green when all the lithium required to do batteries are mined out from earth? That mining process requires lots of water and energy, not to mention negatively impacting the environment.

Then the electricity needed for re-charging, isn't that also mostly from fossil fuel?

tell this to the G....all the carbon thingy the advocate and how it is good for the enviornment and green the air that we breath...slap us with higher fuel taxes and end result is? Is just digging one hole to cover another hole...only difference is the hole is in another country....so that's justified, and all good for SG as a country.....we are doing our part...hahahha 

Edited November 8, 2023 by Spidey10

[limpeh6969]

On 11/3/2023 at 5:12 PM, Starry said:

Frankly how is EV green when all the lithium required to do batteries are mined out from earth? That mining process requires lots of water and energy, not to mention negatively impacting the environment.

Then the electricity needed for re-charging, isn't that also mostly from fossil fuel?

after a quick googling i came across this site: https://earth.org/environmental-impact-of-battery-production/

so...yeah...with EV whole lots of problem are shifted to places involved in the production of (mainly) the batteries. while it's true that there're green energy sources (solar, hydro, geothermal), the battery production process is far from being green, or even just greener.

[Tohto]

On 11/2/2023 at 10:52 AM, Watwheels said:

Toyota all along covers all segment and price range and even unker cars like Camry, haha. They do not neglect their loyal aging customers. This is where they do better than companies like Tesla which only focus on ev.

They have to depends on EV battery supply from BYD.

ICE hybrids car they do more better.

[Voodooman]

On 11/7/2023 at 10:23 PM, Kklee said:

IMHO.
ICE,  $ goes to the oil companies. 
EV,  $ goes into utilities company which is own by government.

Electricity in Singapore is mostly generated from burning imported gas.  So still must pay oil companies lah but with higher efficiency of our power plants vis-a-vis the individual ICE in each car and with SP spending to build up the EV charging network (thankfully, no more $30m petrol station bid), long run we should be  better off.

 

[Voodooman]

On 11/3/2023 at 6:12 PM, Starry said:

Frankly how is EV green when all the lithium required to do batteries are mined out from earth? That mining process requires lots of water and energy, not to mention negatively impacting the environment.

Then the electricity needed for re-charging, isn't that also mostly from fossil fuel?

Petrol and diesel also from fossil fuel. 

It is true battery manufacturing involved energy (which can be green or brown) and the process may not be that green but over long run, there should be a carbon breakeven point.

The biggest issue with buying an EV is the technology is still improving by leaps and bounds (unlike ICE) and can only get cheaper. I am hesitant to buy an iphone 15/16/17/18 as longer battery life and better features are being introduced once every 1-2 years. Who is going to buy my iphone 14 5 years down the road?

Edited November 14, 2023 by Voodooman

[Beregond]

On 11/14/2023 at 1:21 PM, Voodooman said:

Petrol and diesel also from fossil fuel. 

It is true battery manufacturing involved energy (which can be green or brown) and the process may not be that green but over long run, there should be a carbon breakeven point.

The biggest issue with buying an EV is the technology is still improving by leaps and bounds (unlike ICE) and can only get cheaper. I am hesitant to buy an iphone 15/16/17/18 as longer battery life and better features are being introduced once every 1-2 years. Who is going to buy my iphone 14 5 years down the road?

I not engineer or any expert.

But why some ppl say hybrid is more environment friendly then EV?🤔🤔

Is't hybrid just another EV , but a EV with a huge generator in front charging through battery?

What difference does it make from a EV?

Is it a hybrid battery is more environment friendly then a EV battery?

Hybrid burn petrol to charge  its battery. Ev charge from charger. ( wherever the power come from).

I dun know which 1 more environment friendly.

But a hybrid still need to change engine oil. Gear oil / atf. Etc.

Over all there are more resources wasted to maintain a hybrid compare to a EV.

Maybe I noob 😂😂😂

 

[Voodooman]

On 11/14/2023 at 2:38 PM, Beregond said:

I not engineer or any expert.

But why some ppl say hybrid is more environment friendly then EV?🤔🤔

Is't hybrid just another EV , but a EV with a huge generator in front charging through battery?

What difference does it make from a EV?

Is it a hybrid battery is more environment friendly then a EV battery?

Hybrid burn petrol to charge  its battery. Ev charge from charger. ( wherever the power come from).

I dun know which 1 more environment friendly.

But a hybrid still need to change engine oil. Gear oil / atf. Etc.

Over all there are more resources wasted to maintain a hybrid compare to a EV.

Maybe I noob 😂😂😂

 

Hybrid is suitable as a transition technology but why have duplicate battery and ICE in 1 vehicle?   It is a waste of resources. 

[inlinesix]

On 11/14/2023 at 1:21 PM, Voodooman said:

Petrol and diesel also from fossil fuel. 

It is true battery manufacturing involved energy (which can be green or brown) and the process may not be that green but over long run, there should be a carbon breakeven point.

The biggest issue with buying an EV is the technology is still improving by leaps and bounds (unlike ICE) and can only get cheaper. I am hesitant to buy an iphone 15/16/17/18 as longer battery life and better features are being introduced once every 1-2 years. Who is going to buy my iphone 14 5 years down the road?

Battery technology is more or less stagnant now.  Need to wait for solid-state battery.

Motor efficiency will improve marginally over the next 5 years.