Current:Home > NewsToyota pushes back EV production plans in America -WealthTrail Solutions
Toyota pushes back EV production plans in America
View
Date:2025-04-14 10:37:59
The EV market is in constant flux and Toyota has never been ahead of the game, and it's apparently still struggling to catch up. The automaker has been skeptical about EV adoption, and turned out to be mostly right about its predicted slump in the market, but the world is still moving towards all-electric vehicle adoption and Toyota must still eventually adapt. That adaptation is coming a little slower than planned now, as Toyota's plans for U.S.-built EVs have been pushed back a few months, according to a report from Nikkei.
More EVs:The best electric SUVs of 2024
Toyota reportedly had plans for a three-row all-electric SUV model to be built in Georgetown, Kentucky by the end of 2025, but those intentions have now been pushed back a few months to a planned early 2026 production start. Later in 2026, another new all-electric SUV is scheduled to begin assembly at a factory in Princeton, Indiana. The automaker has invested $2.7 billion in the new Kentucky and Indiana facilities so far. A planned Lexus vehicle to be built in the U.S. by 2030 has reportedly also been scrapped.
According to Nikkei, the delay is due to the company making adjustments to the three-row EV's design in light of slowing EV sales in the U.S. overall.
A North Carolina battery plant is expected to begin operations in 2025 to supply future Toyota EVs, with hopes of moving 1.5 million EVs a year globally by the end of 2026. Toyota hopes to have up to seven all-electric new vehicles on sale in the U.S. market by 2026, though obviously none will be assembled in the U.S. until that year. So far it only offers one Toyota and one Lexus EV in America, the sibling Toyota bZ4X and Lexus RZ 450e SUVs. We anticipate the additional five EVs will be mostly SUV models, especially larger ones, but we do expect an electric Tacoma pickup of some sort to come to the U.S. eventually as well.
Photos by MotorTrend Staff and manufacturer
veryGood! (62)
Related
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- X restores Taylor Swift searches after deepfake explicit images triggered temporary block
- T.J. Holmes and Amy Robach’s Exes Andrew Shue and Marilee Fiebig Have Rare Airport Outing
- Proof Below Deck's Fraser Olender Might Be Dating a Charter Guest After Season 11 Kiss
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Indiana lawmakers vote to let some state officials carry handguns on Capitol grounds
- Amazon calls off bid to buy robot vacuum cleaner iRobot amid scrutiny in the US and Europe
- Defense Secretary Lloyd Austin returns to work at the Pentagon after cancer surgery complications
- Tropical weather brings record rainfall. Experts share how to stay safe in floods.
- Russian skater Kamila Valieva banned four years over doping, ending 2022 Olympic drama
Ranking
- Tropical rains flood homes in an inland Georgia neighborhood for the second time since 2016
- Missouri prosecutor seeks to overturn the conviction of an inmate who has spent decades on death row
- Multiple propane tanks explode after fire breaks out at California Sikh temple
- This Memory Foam Mattress Topper Revitalized My Old Mattress & I’ve Never Slept Better
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Light It Up With This Gift Guide Inspired by Sarah J. Maas’ Universe
- Climate activists in Germany to abandon gluing themselves to streets, employ new tactics
- UAW chief Shawn Fain explains why the union endorsed Biden over Trump
Recommendation
Charges: D'Vontaye Mitchell died after being held down for about 9 minutes
South Korean health officials urge against eating fried toothpicks after social media trend goes viral
Police say Minnesota man dressed as delivery driver in home invasion turned triple homicide
US and China launch talks on fentanyl trafficking in a sign of cooperation amid differences
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Amber Alert issued for Kentucky 5-year-old after mother, Kelly Black, found dead
UN envoy says her experience in Colombia deal may help her efforts in restarting Cyprus talks
South Africa’s ruling ANC suspends former president Zuma for backing a new party in elections