What the numbers say: 23 different manufacturers currently have an electric vehicle available to purchase in the U.S. Audi currently leads the market with the most different models of EV available. Tesla is second with four, and both Porsche and BMW are tied for third with three. This varies from the worldwide markets, as China produces the most EV but does not distribute them all to the U.S. Relevance: Toyota Chairman Akio Toyoda has faced pushback against his electric vehicle strategy, and shareholders may be ready to oust him. The meeting, set for Wednesday, could see Toyoda and several other directors removed from their board seats. The largest sticking point is Toyota's failure to lean into the electric vehicle market. Toyoda, who has been chairman since April after 14 years as president, has been more cautious about EVs than many other car executives. While Toyota has hurried up its push into fully electric cars, the company has not set a date for when its lineup will be all EV, unlike many other manufacturers. Toyota currently only has one EV available to purchase in the U.S., the bZ4X, which has received mixed reviews. Future plans: Between now and 2026, Toyota is scheduled to release just one more EV into its lineup. Other companies, such as Bentley, Chevrolet, Polestar, and Hyundai, are committed to making three to five available in the U.S. |
