Move would defend against cheaper Chinese electric-vehicle imports that benefit from state subsidies.
EV offers, luxury car lease deals and growing inventories cited as the reasons.
Company delays production targets for electric vehicle unit.
Just one quarter of potential buyers say they would consider electric.
The Intergovernmental Critical Minerals Task Force Act aims to boost domestic mining, processing, refining, reusing, and recycling of critical minerals.
They say profit margins from combustion vehicles will rise for a few years until a widespread consumer shift toward electric vehicles.
Fleets that can't access commercial EVs from legacy automakers say they're turning to foreign manufacturers.
Consumers financed more than 91,000 used electric vehicles (EVs) in 2022, up 45% from 2021, according to Experian data.
According to EV-Volumes data, from Jose Pontes, five OEMs handled more than half of all EV sales.
Toyota Motor Corp’s next chief executive, Koji Sato, is calling for an “EV-first mindset” for the Japanese automaker.
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