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Toyota (TM) Makes Charging Stations Accessible to Other EVs
ToyotaToyota(US:TM) ZACKS·2024-06-25 14:45

Group 1: Lexus Charging Stations - Lexus charging stations in Japan are now open to all EV brands, previously exclusive to Lexus owners [1] - The charging stations feature 150kW max quick chargers, charging fee is ¥120 per minute, and reservations are required [1] - Currently, there are two Lexus rapid charging stations in Japan, with plans to expand to 100 stations by 2030 [1][2] Group 2: Adoption of North American Charging Standard (NACS) - The adoption of Tesla's NACS has gained traction, with Ford being the first to commit, followed by other brands including Toyota and Lexus [2] - Companies that adopted NACS, such as Ford, GM, and Rivian, are now eligible to use Tesla's Superchargers [2] - Toyota is facilitating a similar transition in Japan by making Lexus charging stations accessible to all EVs [2] Group 3: EV Sales Performance - Toyota sold 206,850 units of EVs in Q1 2024, representing a 74% year-over-year increase [3] - EV sales contributed 36.6% to Toyota's total sales volume [3]