Got to replace the money lost on the gas tax! Drivers hit with new $178 fee just for owning an EV – hybrids face charge too as officials insist it’s a ‘temporary fix’

AMERICAN drivers with electric vehicles and hybrids will be hit with a $178 surcharge as a part of a new transportation bill. Vermont EV and hybrid owners are hit with a fee implemented to make up for a loss in revenue from gas tax money. The payment for car owners with batteries is because fully …

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Toyota Recalls Certain 2020-2022 Toyota and Lexus Vehicles.. HYBRIDS AND ELECTRICS

Japanese automaker Toyota led losses on the Japan’s benchmark Nikkei 225 index Thursday, closing lower by 4%. The sharp fall came after Toyota announced a recall of about a million vehicles on Thursday. The safety recall involved certain 2020-2022 Toyota and Lexus models in the United States. The sell-off also comes after Toyota subsidiary Daihatsu …

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Why automakers are turning to hybrids in the middle of the industry’s EV transition

https://www.cnbc.com/2023/12/08/automakers-turn-to-hybrids-ev-transition.html Electric Vehicle Market Share vs. Hybrids Average Price EV/Hybrid/ICE “People are finally seeing reality,” Toyota Chairman and former CEO Akio Toyoda, who has been heavily criticized for the slower approach on EVs, said in October regarding EVs, according to The Wall Street Journal. As sales of all-electric vehicles grow more slowly than expected, major …

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