Toyota sales fall 30% in China as gas prices rise, EV sales jump 170%

The world’s top-selling automaker is feeling the impact of rising gas prices. Toyota reported its fourth straight month of lower global sales in May, as EVs continued to drive growth.

First covered Jun 29, 2026 · 7:30 AM PT · 2 articles

Coverage

7h Electrek Toyota blames high gas prices as global sales fall again, while EV sales jump 170% — The world’s top-selling automaker is feeling the impact of rising gas prices. Toyota reported its fourth straight month of lower global sales in May, as EVs…

13h Electrek Toyota points to high gas prices as sales in China plunge 30%, dragging down global results — The world’s top-selling automaker said rising gas prices and stiff competition in China were hurting demand after sales crashed 30% from last May.

Appeared in: 2026-06-30 (#20)

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