AD #3541 – Toyota’s New EV Master Plan; Walmart Opens EV Charging Network; Tesla Cuts Prices Yet Again

April 7th, 2023 at 11:47am

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0:08 Tesla Cuts Prices Yet Again
0:58 Toyota’s New EV Master Plan
3:35 EV Leasing Surges in U.S.
4:47 South Korea Subsidizes U.S. Battery Plants
5:14 Tesla Replaces Mercedes As Most Valuable Car Brand
6:38 Walmart Opens EV Charging Network
7:20 Driving Impressions: Toyota Corolla Cross Hybrid

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20 Comments to “AD #3541 – Toyota’s New EV Master Plan; Walmart Opens EV Charging Network; Tesla Cuts Prices Yet Again”

  1. ChuckGrenci Says:

    I suppose pricing at Tesla was what the market could bear; but in hindsight, it sure looks like they were ‘way’ overpriced to begin with.

    With so many EV Toyotas’ in the pipeline, and with their proposed introduction dates, it appears that Toyota hadn’t had their “head in the sand” as much as earlier reported.

  2. Kit Gerhart Says:

    If the new Toyota plug-in hybrids are like the current RAV4 plug-in, they will get close to the mpg of the regular hybrid, even if not plugged in. Many PHEVs get little, if any better mpg on gas than non-hybrids, so are kind of a disaster if never plugged in. The Wrangler 4xe actually gets worse mileage than the non-hybrid. If you have one of those, you really need to plug it in regularly.

  3. Drew Says:

    As I travel, I hate the price variability for hotel rooms, rental cars, cruise cabins, and plane seats/luggage. Consequently, I can imagine Tesla owners aren’t happy that they paid more than those buyers who waited.

  4. Albemarle Says:

    The Corolla Cross looks to be a replacement for the Matrix. Matrix customers aren’t looking for excitement, just awd in a small economical wagon.

  5. Kit Gerhart Says:

    3 And they paid a lot more, not just a little more. I haven’t heard that they plan to give money back like GM did with people who bought Bolts before the big price drop.

  6. Kit Gerhart Says:

    4 I don’t understand the mandatory 4wd on the Corolla Cross and RAV4 hybrids. It just adds cost and complexity, and few people need it. Luckily, I could get an FWD Highlander hybrid, and you can get FWD Siennas. Siennas of any type seem hard to find, though.

  7. Mark Brichacek Says:

    I don’t like it either when FWD is not a option on vehicles that have AWD.My 2019 Cherokee is FWD but I install snow tires in the winter.The Cherokee is going away but the new Dodge Hornet which is a similar vehicle doesn’t offer FWD.

  8. Maxx Says:

    Someone sent this to me this morning. Is this true??

    Vehicle Fun Facts:

    According to, Volkswagen sold more sausages in 2015 than it did vehicles. That’s right, in 1973, Volkswagen invented its own sausage called “Volkswagen Currywurst.” The sausages are made within the car manufacturing plant and the sausage package reads “genuine Volkswagen part.” In 2015, VW sold 7.2 million sausages, compared to the company selling 5.82 million cars. VW now also offers a vegetarian sausage option.

  9. Kit Gerhart Says:

    8 I wasn’t aware of the 1973 sausages, and I had a Beetle around that time. Maybe the sausages were sold only in Germany.

  10. Ron Says:

    God Bless. Have a Blessed Easter

  11. George Ricci Says:

    Deloitte recently did a study where they found that 59% of Americans don’t want an EV. Tesla sales were increasing by about 30% per quarter, but for Q1 this year they only went up by 4%. And that was with a big price reduction. Now we see they are dropping prices again and their inventory levels are growing. Rivin and Lucid say they have a backlog of orders, but their inventory is growing. Lithium prices have recently dropped somewhat, which would seem to a good thing, but if demand was outstripping supply the prices should stay high. Then add in high interest rates, job layoffs, and the pending recession.

    It looks like to me that most of the people who wanted an EV or want to be green already have an EV and market is hitting an equilibrium for them.

  12. Kit Gerhart Says:

    11 A lot of Americans just don’t know anything about EVs, and don’t realize they can be an ideal commuter vehicle for a lot of multi-vehicle households.

    It seems that higher, but still low interest rates aren’t slowing people down much from buying cars. As far as Tesla, they still had about 2/3 EV market share for 2022 in the U.S., but there is more good competition emerging. Also, I truly think the “twitter factor” and related things is hurting Tesla, at least a little.

  13. Drew Says:

    @12 – I agree an EV can be a great local errand mobile if you have a convenient place to plug in. It hasn’t turned out that way for an older friend. Sadly, his personal mobility is declining to the point where he can no longer maneuver in/out of his small garage with a tight driveway. His EV is parked near the apron of the driveway… too far from the garage plug. “For sale – one EV. Great vehicle if you have a place to plug-in.”

  14. Kit Gerhart Says:

    13 Yeah, you need charging in the place you would normally park. Otherwise, it’s not going to be very convenient.

  15. Wim van Acker Says:

    @13 “local errand mobile”: sure, and you can easily drive 200 miles each and every days for your errands.

  16. Wim van Acker Says:

    @15 and therefore it may even be more than an “errand mobile”. Not for you probably, but for people who drive TESLA’s and other good EVs. Due to the EV price point and since leasing options are very limited buyers of the “errand mobiles” are wealthier than the average person. I don’t say that wealthier people are smarter, but I will say that they are certainly not dumber. Have a great weekend.

  17. Drew Says:

    16 – Have a great weekend. One BEV will work for us. But our 180 mile (one way) monthly visit to the kids still needs an ICE or HEV (no plug at our destination). Similarly, our annual 1400 mile migration requires an ICE/HEV (it’d drive me nuts to make it a 3-day trip).

  18. Bob Wilson Says:

    John recently ranked automakers (see link.) Tesla has about a 15% profit and can afford it. But Tesla’s honorable competition does not have that luxury.

    A TSLA and Model 3 owner, I see price reductions forcing a lot of the competition out of the EV market.


    4) That is what I thought as well. The return of the Matrix, which Toyota officially called the Corolla Matrix. It will be nice to have such a vehicle back on the market. AWD is nice but not necessary for such a car. Would likely be cheaper and better on fuel without it. Maybe they will release a FWD variant with a later iteration.

  20. Lambo2015 Says:

    11 Ive said that many time here before and that everyone looks at EV sales in terms of 100% proliferation. Like it will fully replace the ICE completely in the next few years. While that may eventually happen I dont think its going to be as soon as some people would like.
    John made a very good point on one of his after hours discussions that most vehicles have a 12 year life span. As of now you will still be able to buy an ICE up to 2035 so regular gas cars will be on the road on into 2047 and look around now how many cars you see that are 20-30 years old. So well into 2055 gas cars will be on the road.
    It could be adopted quicker if it becomes a better product for the money. If EVs were cheaper refilled in equal time to gas and got similar range it makes perfect sense. Right now your asking consumers to spend more for less. When that pendulum balances out EVs will get a lot more interest. I dont think its a matter of consumers not knowing enough about them I think its what they do know about them.