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Involving 1.22 million vehicles!Toyota will launch a global recall plan, and American car owners panic [with market analysis of the U.S. electric vehicle industry]

author:Qianzhan Network
Involving 1.22 million vehicles!Toyota will launch a global recall plan, and American car owners panic [with market analysis of the U.S. electric vehicle industry]

Source: Photo.com

According to Reuters, on December 20, Toyota said it would recall 1.12 million vehicles under the Toyota and Lexus brands worldwide due to a short circuit in sensors that could prevent airbags from deploying as designed.

According to the report, the recall covers models from 2020 to 2022, including the Asian Dragon (Avalon), Camry, Corolla, RAV4, Highlander (Highlander) and Sienna hybrid vehicles, as well as Lexus ES250, ES300H, ES350 and RX350 models.

Toyota said that the recalled model has an Occupant Classification System (OCS) sensor in the passenger seat, which may have a production issue that causes a short circuit that prevents the airbag system from properly classifying the weight of passengers, and the airbag may not deploy as designed in certain crash scenarios, increasing the risk of injury. Toyota plans to notify owners of the recall starting in February next year, when dealers will inspect and, if necessary, replace the sensors.

Notably, of the 1.12 million vehicles recalled in this recall, 1 million are from the U.S. market.

Sales of electric vehicles are growing strongly

Entering 2021, electric vehicle sales in the United States have grown strongly, and the penetration rate of electric vehicles has also reached a record high. From January to May 2021, electric vehicle sales in the United States reached 224,000 units, a year-on-year increase of 107%.

Involving 1.22 million vehicles!Toyota will launch a global recall plan, and American car owners panic [with market analysis of the U.S. electric vehicle industry]

Penetration is at an all-time high

With the strong growth of electric vehicle sales in the United States, the penetration rate of electric vehicles is also at an all-time high. In May 2021, the U.S. electric vehicle penetration rate hit an all-time high of 3.6%.

Involving 1.22 million vehicles!Toyota will launch a global recall plan, and American car owners panic [with market analysis of the U.S. electric vehicle industry]

Tesla CEO Elon Musk expressed concerns about the difficulty of buying a car in the U.S. amid high interest rates on the call. He believes that for most people, the key factor in buying a car is the amount of money that needs to be repaid each month, not the total price of the car. If interest rates continue to remain high, or rise further, it will become more difficult to buy a car.

A U.S. auto dealer said electric vehicle sales in the U.S. are growing, but demand is weaker than automakers expected. As sales growth of electric models in the U.S. slows, automakers and dealers are slashing prices and increasing discounts to clear unsold inventory.

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