Toyota's EV strategy guided by dealers and customers, not regulations, says Jack Hollis
Jack Hollis, head of sales for Toyota Motor North America, said emissions regulations aimed at forcing wider EV adoption are far ahead of where consumers are.
Jack Hollis, head of sales for Toyota Motor North America, said emissions regulations aimed at forcing wider EV adoption are far ahead of where consumers are.
EV demand is alive, but questions remain about its consistency, according to experts who discussed the topic at Automotive News Retail Forum: NADA.
In November, the UAW said it was launching a first-of-its-kind push to publicly organize the entire non-union auto sector in the U.S. after winning record new contracts with the Detroit 3 automakers.
Tesla CEO Elon Musk said the company will hold a shareholder vote to transfer its state of incorporation to Texas from Delaware, days after a judge invalidated his $56 billion pay package at the electric vehicle maker.
Dealers expect new-vehicle sales to improve or stay about the same in 2024, though a majority are concerned about degradation in new-vehicle profit margins.