Last year, EV sales in the U.S. market surpassed 1 million units for the first time, according to sales estimates by Kelley Blue Book, a Cox Automotive brand. Sales growth continues, albeit slowly, and electric vehicle prices continue to decline, thanks mostly to higher incentives and drastic price cuts by market leader Tesla. Still, EV consideration has […]

The Toyota ecosystem also includes separately listed Subaru, Suzuki and Mazda through a web of partnerships. For those outside the Toyota network, notably Honda, Nissan and Mitsubishi, the investments required to create software-rich EVs that can win back Chinese customers are intimidating. Mitsubishi already pulled production out of China in October. Honda said Friday it would increase research and development spending by 23% […]