General discussion, page-466

Its called, Price Wars, European car manufacturers transitioning from ICE vehicles to EVs. Commercial guidance changes in accordance to BYD Tesla having dominant market share, its a ever evolving marketplace.

Toyota announced Wednesday it’s cutting its EV sales forecast for the fiscal year by nearly 40%. The Japanese automaker said the move was due to the “intensifying price war” in China.

Despite this, Toyota surprisingly invested an additional $8 billion into its North Carolina EV battery plant, bringing the total to roughly $13.9 billion.

Automakers investing now will see the benefits as EV adoption is only expected to continue climbing from here on out. Those delaying plans now will fall further behind as leaders like Tesla and BYD rapidly gain market share globally.

Volkswagen cited “sluggish” EV sales in Europe, but Tesla’s Model Y was the best-selling passenger vehicle (gas or electric) in September. This is the sixth time the EV has earned the title in nine months. How is that so?

Tesla is building EVs people want to buy, providing value to customers. Meanwhile, some buyers are not seeing the value in Volkswagen’s EVs. The automaker has struggled with software and other features, which has led to sluggish orders. That’s not to say Volkswagen EVs are bad. They are just lacking that Tesla-like appeal.

BYD phenomenal growth on EV worldwide exports.