Toyota announced today that it’s rolling out 10 new all-electric models by 2026 as it aims for 1.5 million annual electric sales by then, Ben writes.

  • Why it matters: The auto giant is viewed as lagging behind rivals in the EV race. Reuters reports it’s now “aiming for steep growth in a market where it has long been lapped by rivals.”

👀 Biden officials plans to unveil vehicle emissions regulations next week that cover model years 2027-2032, Bloomberg reports.

  • The big picture: The rules won’t mandate specific technologies, but EVs “are seen as a key way to fulfill the requirements,” the story states.

📉 “Tesla lowered prices for its electric cars as the U.S. prepares to introduce stricter rules to qualify for a tax credit for the vehicles,” Barron’s reports.

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