Toyota’s EV sales more than doubled in a year, but gas cars are getting crushed in China

Toyota’s EV sales have jumped 127% through September, but that isn’t telling the whole story.

The Core Event

Slumping demand for gas and hybrid cars in China has pushed global sales lower for three months in a row.

Key Facts

Including Lexus, Toyota sold 309,766 battery electric vehicles (BEVs) globally through the first nine months of 2026, up 127.4% from the same period last year.

Context & Significance

Slumping demand for gas and hybrid cars in China has pushed global sales lower for three months in a row.

Outlook

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