E Amazings – Money management
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

What Closing Costs Do Home Buyers Have?

February 25, 2023

What Is Realtek HD Audio Manager

February 2, 2023

A Basic Guide To Cell Tower Leasing

February 2, 2023
Facebook Twitter Instagram
E Amazings – Money management
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?
Facebook Twitter Instagram
E Amazings – Money management
You are at:Home»Automotive»Customers Seeking EVs Begin Abandoning Honda & Toyota
Automotive

Customers Seeking EVs Begin Abandoning Honda & Toyota

By December 1, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email

[ad_1]

By Anthony Henson, December 1, 2022

If you are questioning why Toyota and Honda are abandoning hydrogen fuel cells, a technology both championed for decades, then there is one simple reason… statistics. Recent statistics from automotive industry analysts suggest Toyota and Honda are quickly losing ground to rival car brands offering battery electric cars. Both Japanese car giants invested heavily in hydrogen technology as the enlightened path to a zero-emissions future. Elon Musk and Tesla have changed everything.

With no battery electric car strategy to speak of, and few electric vehicles in their product portfolio, once loyal American consumers of Toyota and Honda are switching their buying focus onto Tesla, Ford and Chevrolet, to name but a few.

While conducting research S&P Global Mobility discovered that the Tesla Model 3 and Model Y captured sales from typically loyal Honda and Toyota buyers. The Model Y captured sales from prospective buyers of Lexus RX, Toyota RAV4, Honda Odyssey, CR-V and Accord.

Tesla has topped the EV sales charts in the USA with registration data showing the company selling four of the top five EV models during 2022. Tesla currently has a 65-percent EV market share. However, industry analysts believe Tesla’s market dominance will drop to 20-percent by 2025 as rival manufacturers ramp up their EV product portfolio.

Toyota and Honda are racing to release battery electric vehicles fearing being left behind as consumers vote with their wallets. Toyota does have a battery electric SUV, the bZ4x Crossover. However, sales were recently stopped for months shortly after release, a mass recall was initiated due to defective wheel nuts.

Toyota and Tesla CEO shake hands - when good times go bad

[ad_2]

Source link

Related Posts

Aston Martin Caught Up In Yet Another Storm of Its Own Making

By January 4, 2023

Ken Block, Dude, We Salute You

By January 4, 2023

The Crucial Tips To Consider When Selling Your Car Online

By Corbin BowenJanuary 3, 2023

Mercedes Morally & Ethically Compromised Over Congo Cobalt Mining

By January 1, 2023
Add A Comment

Comments are closed.

Our Picks

What Closing Costs Do Home Buyers Have?

By Corbin BowenFebruary 25, 2023

What Is Realtek HD Audio Manager

By Corbin BowenFebruary 2, 2023

A Basic Guide To Cell Tower Leasing

By Corbin BowenFebruary 2, 2023
Recent Posts
  • What Closing Costs Do Home Buyers Have? February 25, 2023
  • What Is Realtek HD Audio Manager February 2, 2023
  • A Basic Guide To Cell Tower Leasing February 2, 2023
  • Air Duct Repair 101: Everything You Need To Know February 2, 2023
  • Advantage LIC? How Budget Insurance Amendment Bill may benefit the PSU insurance giant January 5, 2023
  • The Flight Of The Dremel January 5, 2023
  • LIC offering multiple benefits on premium payment with co-branded credit cards with Axis Bank: Check features, offer January 5, 2023
Archives
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • September 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
Facebook Twitter Instagram Pinterest TikTok
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.