Toyota's Global EV Ambitions & Market Standing

Toyota is accelerating its electric vehicle (EV) strategy, including adopting gigacasting technology, but faces a competitive global market where its current EV sales are a small fraction of its total vehicle sales.

The top 3

  1. Top 3 Global EV Manufacturers by Sales: BYD is currently the world's largest EV maker, delivering 2.56 million EVs between August 2024 and August 2025, followed by Geely and Tesla.
  2. Toyota's Current EV Market Share: As of May 2026, Toyota's total battery electric vehicle (BEV) sales accounted for just under 4.5% of its overall global vehicle sales, despite a 138.3% increase in BEV sales year-over-year through the first five months of 2026.
  3. Fastest-Growing EV Brands Globally: Zeekr, a premium brand by Geely Auto Group, has established itself as the fastest-growing premium electric vehicle brand globally by mid-2026, consistently breaking sales records.

Sources

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