Despite years of resistance to full battery-electric vehicles, Toyota has become an unexpected winner in the current energy crisis. Fuel price shocks linked to the Middle East conflict have accelerated consumer interest in electric alternatives. The company entered 2025 with modest electric ambitions and is closing the first quarter with its best EV sales result on record. That shift has happened faster than most of the industry expected.
While analysts may have been focusing on the sales numbers of larger auto firms like Toyota, Tesla and BYD, other manufacturers like Lucid Motors (NASDAQ: LCID) are also seeing an uptick in…
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