Toyota announces four new battery electric models by 2027

Toyota has stated it is fully committing to battery electric cars, planning to launch four new models by 2027. This move signals a shift towards battery electric vehicles in the company's lineup. However, questions remain about the timing of this strategy.

Toyota's announcement highlights a strategic pivot towards battery electric vehicles (BEVs). The company plans to introduce four new battery models by 2027, emphasizing its all-in approach to this technology.

The development comes amid growing competition in the electric vehicle market. Toyota's commitment aims to strengthen its position in BEVs, though the title of the report raises concerns about whether this initiative arrives too late.

No further details on the models' specifications or features were provided in the available information. This announcement underscores Toyota's response to the evolving automotive landscape focused on electrification.

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Dramatic photo of Honda's Ohio EV factory with cancelled prototypes and financial loss charts amid EV market downturn.
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Honda cancels three North American EV models amid EV downturn, forecasts up to ¥690 billion FY2025 loss

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Honda Motor Co. announced on March 12, 2026, the cancellation of three electric vehicles—the Honda 0 SUV, Honda 0 sedan, and Acura RSX—planned for production at its Ohio EV Hub, due to US policy shifts, tariffs, weak demand, and Chinese competition. The company revised its fiscal 2025 outlook to a net loss of 420-690 billion yen from a prior profit estimate, warning of a ¥2.5 trillion impairment charge.

Tesla is accelerating its transition from electric vehicle manufacturing to robotics and artificial intelligence, amid declining revenues. The company plans to phase out production of its flagship Model S and Model X by mid-2026 to prioritize the Optimus humanoid robot. CEO Elon Musk is redirecting resources toward autonomous systems like robotaxis and Full Self-Driving software.

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Chinese automaker BYD has surpassed Tesla in the global electric vehicle market, driven by advancements in battery technology and strategic business practices. This shift is reshaping the EV industry in 2025. The development highlights key lessons for competitors in the sector.

New data shows Tesla's electric vehicle sales in Europe dropped 27.8% in 2025 compared to 2024. Registrations fell from 326,000 to 235,000 vehicles amid growing competition and policy changes. This slowdown raises questions about the brand's momentum in the EV market.

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Electric vehicle sales worldwide dropped 3% in January 2026 compared to the previous year, extending the slowdown seen after BYD overtook Tesla as the top global EV seller in 2025. Tesla faced sharp declines in key markets like China, the US, and Europe due to policy changes, rising competition, and reputational issues, reporting its lowest sales in China since late 2022.

Tesla reported a record 14.2 GWh of energy storage deployments in the fourth quarter of 2025, up 29% from the previous year, even as its electric vehicle deliveries fell 16%. The company's energy business, including Powerwall and Megapack products, continues to show strong growth and profit margins. CEO Elon Musk highlighted the long-term potential of energy storage and solar integration.

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The world's first electric vehicle equipped with a sodium-ion battery has been introduced. This development highlights how cheaper sodium-ion batteries are becoming a reality. It reportedly outperforms traditional lithium batteries in one key aspect.

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