In today’s edition of EV News Daily, we have covered headlines from Tesla which has again slashed the prices across its model range in the U.S., and Toyota which plans to introduce 10 new EVs by 2026.
Tesla Again Slashes the Prices Across its Model Range in the U.S.
- Tesla has again slashed the prices across its model range in the U.S., this is the fifth price cut since the start of this year.
- Prices have been discounted ranging from 2% to nearly 6% as the United States prepares to adopt tougher criteria for EV tax credits this month.
- both versions of the Model 3 sedan are now cheaper by $1,000 and the Model Y crossover is now cheaper by $2,000, both versions of the more expensive Model S and Model X are discounted by $5,000 too.
- Analysts are of the view that as the company extends a discount drive on its electric vehicles it could hurt profitability.
- Tesla has cut the price of its base Model 3 by a cumulative 11% and Model Y by 20% since January.
Toyota Plans to Introduce 10 New EVs by 2026
- Toyota’s chief technology officer, Hiroki Nakajima in a recent media briefing said that the company aims to introduce 10 new battery electric vehicle models by 2026.
- He added that Toyota would also set up a specialized unit to focus on battery EVs and target the annual production of 1.5 million electric cars by 2026.
- However, Toyota still believes that a mix of options – including gasoline-electric hybrids, makes more sense for its global customer base.
For Yesterday’s edition of EV News Daily, Please click here