Toyota slashes electric car sales forecasts, turns to hybrids

The world’s largest carmaker, Toyota, has slashed its electric vehicle (EV) sales forecast by almost 40 per cent.

On Wednesday, Toyota released its financial results for the second quarter of fiscal year 2024, and has detailed how the company is placing more emphasis on hybrid sales rather than EVs in its latest outlook.

The company recorded growth across all segments, with combined Toyota and Lexus sales totalling 5,172,000 between April and September, up roughly 9 per cent…

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