Toyota Records 139% Jump in EV Sales as Oil Crisis Deepens
Despite years of resistance to full battery-electric vehicles, Toyota has become an unexpected winner in the current energy crisis. Fuel price shocks linked to the Middle East conflict have accelerated consumer interest in electric alternatives. The company entered 2025 with modest electric ambitions and is closing the first quarter with its best EV sales result on record. That shift has happened faster than most of the industry expected. March produced Toyota's strongest monthly electric vehicle result to date. Global battery-electric sales exceeded 35,000 units, nearly 140% ahead of the same month a year earlier. Japan saw the sharpest percentage move, with domestic sales climbing close to 3,500 units, a fortyfold…