Toyota warns of reduced sales amid UK electric vehicle regulatory uncertainty
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View chart & analysis → - 1Toyota warned that it may reduce sales in the UK, calling electric vehicle sales targets unrealistic.
- 2Matt Harrison argued that Toyota's 2030 ZEV mandate target of 80% should be lowered to a proposed 50%.
- 3Yoshihiro Nakata warned that competitiveness issues at Toyota plants are growing due to rising energy and labor costs.
So what's the key point?
Toyota said it might lower its electric vehicle sales targets and reduce sales volumes in the UK. This is because rising costs and strict regulations have made doing business more difficult.
Source The Telegraph · View original ↗
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