Toyota Redesigns America's Best-Selling RAV4 SUV to be Fully Hybrid
Toyota Motor Corporation (NYSE:TM) has declared that it will only sell its updated 2026 RAV4 SUV as a hybrid or plug-in hybrid, doing away with conventional gas-powered models. America's best-selling SUV, the RAV4, will continue to use a 2.5-liter four-cylinder engine with hybrid technology.
Workers assembling a car in a modern manufacturing plant, emphasizing the company's sense of progress.
Strong consumer demand was mentioned by David Christ, head of Toyota North America, who noted that in 2024, hybrids will account for 44% of RAV4 sales and plug-ins for 6.5%. Toyota Motor Corporation (NYSE:TM) has not yet revealed the price of its upcoming U.S. sales. In 2024, the company's RAV4 sales increased by 9.3% year over year to about 475,200 vehicles. The firm's electrified vehicles made up 43.1% of its 2.3 million U.S. sales the previous year.
Toyota Motor Corporation (NYSE:TM)'s decision to switch to hybrid-only RAV4 models coincides with rising tariffs and a slowdown in the uptake of all-electric vehicles under President Donald Trump's administration. Trump's 25% tariffs have raised concerns about costs because 84.3% of RAV4s sold in the United States are now imported, primarily from Canada and Japan.
Toyota Motor Corporation (NYSE:TM)'s COO, Mark Templin, hinted that the company would boost RAV4 production at its Kentucky facility, but he did not disclose plans to mitigate tariffs.
According to Cox Automotive, the RAV4 continues to be one of the best-selling cars with just 29 days of inventory and high demand. Additionally, the switch to a hybrid-only model complements Toyota Motor Corporation (NYSE:TM)'s expanding lineup of seven other hybrid-only vehicles.
While we acknowledge the potential of TM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TM and that has 100x upside potential, check out our report about this
READ NEXT: and .
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
37 minutes ago
- Yahoo
Check out the latest Donald Trump presidential approval ratings for PA and across US
Despite mass firings within the government, threats of tariffs and struggles to get the 'big, beautiful bill' passed, President Donald Trump's approval ratings have held steady early in his second term. DOGE leader Elon Musk is leaving the White House and Trump is threatening to tariff two high profile American companies — Apple and Mattel — despite questions by the US Court of International Trade about his authority to unilaterally impose tariffs without action by congress. Here's what the recent polls show about Trump's presidential job approval ratings as of the first week of June. According to Rasmussen Reports polling, Trump's approval has improved to a 53% approval rating and 46% that disapprove. The TrafalGarGroup poll from this weekend found that 53.7% of Americans approve of how Trump is handling his job as president, while 45.6% disapprove. The Morning Consult tracker poll taken this weekend reported a drop to 46% approval rating and a 51% that disapprove. The Economist/YouGov poll taken this week, shows Trump improving with a 45% favorability versus 53% unfavorable. Americans expressed the most important issue was overwhelmingly focused on inflation/prices, followed by jobs and the economy, health care, immigration and civil rights. In this weekend's Quantus Insights poll, Trump's job approval improved with 48.3% approval versus 47.8% that disapprove and 3.9% that had no opinion. RealClear Polling which encompasses the average of different 15 different pollsters, including all those mentioned above, shows Trump's overall favorability at 47.5% and 49.7% that disapprove. These numbers have improved since his lows at the end of April, when it reached a 52.4% disapproval rating and 45.1% favorable approval rating. According to Civiqs polls, last updated June 2, Trump's approval ratings have dropped about three points in The Keystone State compared to what Pennsylvanians thought of his performance in January. About 53% of Pennsylvanians polled currently disapprove of the president's performance, up from 50% on Jan. 20. Only 43% of the commonwealth gave Trump a thumbs up as of early June, down from 46% six months ago. These polling numbers were also broken down by age, education, gender, race and party. Age: Those between 18-34 were most unfavorable of Trump (60%), while those 50 to 64 were the most favorable (55%). Education: Postgraduate students were most unfavorable toward Trump (68%). Non-college graduates were most favorable (49%). Gender: Men and women are split on Trump, more than half of females (58%) holding an unfavorable view and more than half of males (52%) having a favorable view of the president. Party: Members of the Republican party were 87% favorable of Trump, compared to the Democratic party, who felt just 3% favorable of the president's performance. Independent voters leaned unfavorable (48%). Race: Black voters had the highest unfavorable opinion of Trump (89%), followed by other races at 59%, Hispanic/Latino at 57% and white at 46%. Note: Polls are constantly changing and different pollsters ask different varieties of the population. These numbers were reflected as of Tuesday, June 3, 2025 at 10 a.m. This article originally appeared on Donald Trump presidential approval rating today in PA vs. nationally
Epoch Times
an hour ago
- Epoch Times
Trump to Host German Chancellor Merz at White House for Crucial Meeting on Transatlantic Relations
WASHINGTON—President Donald Trump will host German Chancellor Friedrich Merz at the White House on June 5 to discuss a wide range of pressing issues, with the Ukraine war, defense spending, and transatlantic trade tensions topping the list. This will mark the chancellor's first visit to Washington since his election victory in May.
Yahoo
an hour ago
- Yahoo
Procter & Gamble plans to slash 7,000 non-manufacturing jobs over next 2 years
-- Procter & Gamble (NYSE:PG) plans to cut around 7,000 jobs, or roughly 15% of its global non-manufacturing workforce, over the next two years. The move is part of a broader organizational overhaul aimed at simplifying structures by forming smaller teams with expanded responsibilities. The company emphasized that the layoffs are not a cost-cutting measure. The consumer goods maker, known for brands like Tide, Pampers and Bounty, had about 108,000 employees as of last June. Executives announced the restructuring plans during a presentation in Paris, where they also signaled an intention to streamline the company's product portfolio. While specific details were not provided, the changes could involve exiting certain categories and shedding smaller brands in select markets. In April, P&G reported a decline in quarterly sales and lowered its full-year revenue outlook, citing global economic uncertainty and geopolitical instability. The company posted earnings per share (EPS) of $1.54 for the third quarter of fiscal 2025, slightly above the $1.53 that analysts expected. Revenue came in at $19.78 billion, falling short of the $20.11 billion forecast. It also said it was exploring ways to manage the impact of tariffs, including raising prices, reformulating products and tightening costs. Chief Financial Officer Andre Schulten said current tariffs are expected to reduce annual growth by $1 billion to $1.5 billion. To offset the impact, the company plans to rely on pricing, productivity, and innovation in the near term, while also exploring changes in product formulation and sourcing. With one quarter remaining in its fiscal year, P&G currently anticipates flat sales growth for fiscal 2025, a downgrade from its previous projection of 2% to 4%. It also lowered its core earnings outlook to a range of $6.72 to $6.82 per share, down from the earlier forecast of $6.91 to $7.05. Related articles Procter & Gamble plans to slash 7,000 non-manufacturing jobs over next 2 years Citigroup to cut 3,500 jobs at China tech centers BofA sees 62% surge in eVTOL adoption, fueling 'low-altitude' boom Sign in to access your portfolio
