Toyota Plug-In Car Sales More Than Doubled In Q3 2023

Toyota Motor North America (Toyota and Lexus manufacturers) experiences that its car gross sales in america in the course of the third quarter of 2023 amounted to 590,296 models. That is a 12 p.c improve year-over-year.

Leads to Q3’2023 and year-to-date:

• Toyota gross sales: 515,400 (up 12%) and 1,404,508 (up 2%)
• Lexus gross sales: 74,896 (up 11%) and 224,308 (up 13%)
• Complete gross sales: 590,296 (up 12%) and 1,628,816 (up 4%)

When it comes to electrified automobiles – xEVs (HEV, PHEV, BEV, FCEV) – the variety of fashions elevated to 26 (from 24 1 / 4 in the past), whereas gross sales elevated by 65 p.c year-over-year to 184,666 in Q3 (31 p.c of the whole quantity). Thus far this yr, the Japanese group bought 455,142 xEVs (up 20 p.c year-over-year), which is 28 p.c of the whole quantity.

Electrified car xEV (HEV, PHEV, BEV, FCEV) gross sales in Q3’2023:

• Toyota xEV: 163,998 (up 70%) and 31.8% share
• Lexus xEV: 20,668 (up 35%) and 27.6% share
• Complete xEV: 184,666 (up 65%) and 31.3% share

Lastly, plug-in electrical automobile gross sales improved in Q3 by 136 p.c year-over-year to 16,899, which is the second-highest consequence ever and about 2.9 p.c of the whole quantity.

For us, a very powerful factor is that Toyota is steadily rising all-electric automobile gross sales each quarter now and most just lately achieved a brand new document of 4,221 models (Toyota bZ4X and Lexus RZ 450e counted collectively).

Plug-in hybrids additionally elevated in comparison with Q3 2022, though are nonetheless at a decrease degree than two years in the past.

Plug-in automobile gross sales in Q3’2023:

• Toyota plug-ins: 14,000 (up 130%) and a pair of.7% share
  BEVs: 2,827 (N/A) and 0.5% share
  PHEVs: 11,173 (up 84%) and a pair of.2% share
• Lexus plug-ins: 2,899 (up 172%) and three.9% share
  BEVs: 1,394 (N/A) and 1.9% share
  PHEVs: 1,505 (up 41%) and a pair of% share
• Complete plug-ins: 16,899 (up 136%) and a pair of.9% share
  BEVs: 4,221 (N/A) and 0.7% share
  PHEVs: 12,678 (up 77%) and a pair of.1% share

* Toyota FCEVs: 882 (up 1,017%) and 0.1% share

Thus far this yr, the group bought 37,609 plug-in electrical automobiles within the US (about 2.3 p.c of its complete quantity).

Plug-in automobile gross sales in Q1-Q3’2023:

• Toyota plug-ins: 31,295 (up 43%) and a pair of.2% share
  BEVs: 6,486 (up 2,660%) and 0.5% share
  PHEVs: 24,809 (up 15%) and 1.8% share
• Lexus plug-ins: 6,314 (up 127%) and a pair of.8% share
  BEVs: 2,511 (N/A) and 1.1% share
  PHEVs: 3,803 (up 37%) and 1.7% share
• Complete plug-ins: 37,609 (up 53%) and a pair of.3% share
  BEVs: 8,997 (up 3,729%) and 0.6% share
  PHEVs: 28,612 (up 17%) and 1.8% share

* Toyota FCEVs: 2,604 (up 81%) and 0.2% share

For reference, in 2022, the group sold more than 35,000 plug-in electric cars (1.7 percent of its total volume), whereas in 2021, it was 52,767.

The yr 2023 probably is perhaps the perfect for Toyota plug-in automobile gross sales, however we won’t make sure but. What we do know is that because of an increasing number of rechargeable fashions, the Japanese producer is now (lastly) on monitor to steadily improve plug-in automobile gross sales.

Fashions

When it comes to fashions, the highest ones for now are the 2 plug-in hybrids – RAV4 Prime and Prius Prime with 7,881 models and three,292 models bought respectively.

The all-electric Toyota bZ4X famous 2,827 models, whereas the Lexus RZ 450e famous 1,394 models. Along with 2,791 Subaru Solterras, the three carefully associated fashions famous 7,123 gross sales in the course of the quarter.

Mannequin gross sales in Q3’2023:

• Toyota bZ4X: 2,827 (N/A)
• Toyota Prius Prime: 3,292 (up 56%)
• Toyota RAV4 Prime: 7,881 (up 99%)
• Lexus NX 450h+: 1,505 (up 41%)
• Lexus RZ 450e: 1,394 (new)

* The hydrogen Toyota Mirai famous 882 models (up 1,017%).

After the primary 9 months of the yr, Toyota bZ4X gross sales amounted to six,486, which along with 2,511 Lexus RZ 450e, is 8,997 all-electric vehicles.

Mannequin gross sales in Q1-Q3’2023:

• Toyota bZ4X: 6,486 (up 2,660%)
• Toyota Prius Prime: 5,958 (down 20%)
• Toyota RAV4 Prime: 18,851 (up 33%)
• Lexus NX 450h+: 3,803 (up 37%)
• Lexus RZ 450e: 2,511 (new)

* The hydrogen Toyota Mirai famous 2,604 models (up 81%).

Detailed gross sales outcomes of Toyota electrified vehicles within the US: