Toyota’s profits rise 78% on strong sales TOKYO (AP) — Toyota’s profit for the first fiscal quarter jumped to 1.3 trillion yen ($9 billion) — a quarterly record for Japan’s top automaker ...Quarterly sales totaled 2.3 million vehicles, up from 2 million the previous year. Demand for its hybrid models was especially strong. Toyota has long been a leader in hybrids, which switch back and forth between an electric motor and gas engine to deliver higher mileage.
Koji Sato ...is promising an aggressive shift on electrification. He has acknowledged Toyota fell behind in electric vehicles, but he also stressed it’s going to catch up.
Q2 operating profit jumps 155.6%
Raises full-year f'cast 50% to 4.5 trln yen
https://www.reuters.com/business/autos- ... 023-11-01/Ahhh, the masters of spin. Good on them, because they are only conning the scientifically illiterate EV buyer anyway. Fell behind? They call their hybrids EV's, that's the spin, and with record profits from the sale of these gasoline powered cars I sincerely doubt they'll start throwing money down the rabbit hole of true electric only cars. They are not the sort of company to shoot itself in the foot, and unlike the Europeans and Americans, they realized they didn't actually have to build an EV to "Appear Green" and get the sale.
We have to use common sense these days and bypass the scientific marketing that so many swallow hook line and sinker. We have to come up with our own definition of what constitutes a Hybrid. Why? Because if we really need or want a hybrid, and we buy any old hybrid, we may get stranded in a future if gasoline is not available. Toyota do make a plugin hybrid, which is what I would call a
Real hybrid. A car that can run on gasoline as well as run on electricity
not generated by gasoline.
This is the distinction and I'll now explain how it works in the real world. In the real world our access to Gas might be curtained, Ok, so we lose our long range, but we can still utilize our hybrid by charging it off our wall socket at home. Conversely we may have an extended blackout and be unable to charge it, but if we have supplies of gas on hand it's not an issue, we are still able to drive it. This in a practical way defines a hybrid, a car that can run independently on two completely different energy systems. It's redundancy and why I think true hybrids are a good choice for many. Not for me though because they don't make one in 4x4 with a powerful V6 engine and I'm not willing to compromise on that while I still have reliable access to petrol supplies.
Sales figures don't lie, except in China where tens of thousands of EV's are sold, registered, then parked in fields. The massive sales of the Toyota range confirms what we all know, that
most people are not willing to give up convenience and security to buy an EV. They don't want to be sitting in a cafe for an hour waiting for their car to get a fillup, they don't want to be stranded in the middle of nowhere because the battery if flat.
I say Most people because EV's typically only make up 1% of cars on the road. But try to search that statistic, the BS media hides it and instead offers you story after story on "Electric vehicle sales" What does it matter if sales are 8% when only 1% of the population in a given year buy a new car. It's a statistic that's only meaningful to auto manufacturers and even to them it's a pretty lame indicator of success in the endeavor. If 92% of buyers want a conventional vehicle your better off making them, if you want a profit like Toyota has. Total EV sales passed the 100,000 mark in Australia this last September. Sound good? There are 20 million cars on our roads though, so that's only 0.5% of all cars on the road and the major sales were in the ACT, the nations capital where all the politicians hangout. I'm sure they have lots of chargers there.
https://www.whichcar.com.au/news/more-t ... -australia Sep 2023
If you want to know where Toyota is heading with it's hybrids and battery tech
https://www.reuters.com/business/autos- ... 023-06-13/They don't talk of true EV though, and with their profits, why would they. They know the EV are a dead end. A novelty for city people, a technology that is dependent on the aging and fragile power grids that feed them.