Toyota admitted that Tesla Model 3 actually “killed” the sales of Prius. According to Toyota, last year demand for its hybrid cars among buyers in North America declined by 9%, half of which moved the Prius c and other models at the electric car company Elon musk. Recall the five cars abandoned in favor of the Tesla Model 3:
- Toyota Prius
- BMW 3-Series
- Honda Accord
- Honda Civic
- Nissan Leaf
We mentioned that Tesla showed models of vehicles whose positions recaptures on the market Model 3 and the BMW was recognized in the Tesla a serious competitor to which you lose clients.
Now to the “victim” of the expansion of electric cars joined another automotive giant, which this state of Affairs should further spur to produce their own electric car that can compete with the Californian brand.
Last year Tesla Model 3 has officially become the highest-selling premium car in the US, but it also has an effect on other segments, including sedans medium size, despite the higher price.
Toyota is one of the largest automakers in the world, and now they openly admit that their sales are affected relatively “small” electric car. It’s uncommon for automakers, they often do not even recognize the existence of competition. It is expected that they will release their first all-electric vehicle in 2021, but mostly they are still invested in hybrids.