A number of brands now intend to go fully electric later this decade, while others are still several years away from introducing their first EV.
Dealers featured this week include Judy Jones-Cone, dealer principal of Toyota Carlsbad in California; and Fredrick Anderson, chairman of Fred Anderson Toyota in Raleigh, N.C.
Cox Automotive lowered its sales forecast for the third time this year as rising interest rates now threaten to stall demand for new vehicles.
Heavy-duty trucks are high-margin profit machines that will be key to funding automakers' electric ambitions, but executives say the segment is likely to be among the last in the industry to get battery power — if it ever does.
Toyota CEO Akio Toyoda says ambitious targets for electric vehicle sales — in California or nationwide — will be hard to achieve by 2030 or 2035.
