Toyota EV Surge, China Gas Slump

Toyota reported selling 309,766 battery electric vehicles (BEVs) through the first nine months of 2026, up 127.4% year‑on‑year, while its sales in China fell about 18.9% (down nearly 20%) over the same period. The company attributes part of the China weakness to rising gasoline prices and collapsing demand for gasoline and hybrid models there, even as EV monthly comparisons have more than doubled most months of 2026. — If major legacy automakers flip their sales mix this fast, it accelerates global EV supply‑chain reallocation, grid and charging policy needs, and shifts the geopolitical importance of markets like China and the U.S.