Toyota is notoriously skeptical of a rapid transition to all-electric E.V.s. It may have a point.
The biggest U.S. automaker sold more trucks and sport-utility vehicles as supply chain problems eased and demand remained strong.
The Shanghai auto show, the largest in China since before the pandemic, had one theme: The dominance of electric vehicles in the world’s largest car market is here to stay.
New federal rules are expected to speed the transition to E.V.s, a shift that car companies have embraced but will be challenged to carry out.
Akio Toyoda, who has been reluctant to embrace all-electric vehicles, will be succeeded as C.E.O. by a Lexus executive.
Automakers have been hampered by the supply of semiconductors and higher interest rates.
Investments in battery factories, solar panel manufacturing and mining will help the Biden administration meet targets for reducing greenhouse gases.
The plan is part of a global push by the automaker to develop and produce electric vehicles.
There has been a surge in the sales of cars that can travel short distances on just electricity and have a gasoline engine for longer trips.
A scarcity of semiconductors and raw materials held back production, but buyers remain enthusiastic.