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 06:13:52
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! (2985)
Related
- Tom Holland's New Venture Revealed
- Tony Hawk drops in on Paris skateboarding and pushes for more styles of sport in LA 2028
- 'Her last jump of the day': Skydiving teacher dies after hitting dust devil, student injured
- Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
- RFK Jr. grilled again about moving to California while listing New York address on ballot petition
- The seven biggest college football quarterback competitions include Michigan, Ohio State
- Giants, Lions fined $200K for fights in training camp joint practices
- Eva Mendes Shares Message of Gratitude to Olympics for Keeping Her and Ryan Gosling's Kids Private
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Steve Martin turns down Tim Walz impersonation role on ‘SNL,’ dashing internet’s casting hopes
Ranking
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Helicopter crash at a military base in Alabama kills 1 and injures another, county coroner says
- Steve Martin turns down Tim Walz impersonation role on ‘SNL,’ dashing internet’s casting hopes
- Steve Martin turns down Tim Walz impersonation role on ‘SNL,’ dashing internet’s casting hopes
- What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate
- Olympic track star Andre De Grasse distracted by abuse allegations against his coach
- Olympic track and field live results: Noah Lyles goes for gold in 200, schedule today
- Your Wedding Guests Will Thank You if You Get Married at These All-Inclusive Resorts
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Blake Lively’s Inner Circle Shares Rare Insight on Her Life as a Mom to 4 Kids
Does Halloween seem to be coming earlier each year? The reasoning behind 'Summerween'
Report: Lauri Markkanen signs 5-year, $238 million extension with Utah Jazz
Video shows dog chewing cellphone battery pack, igniting fire in Oklahoma home
Steve Martin turns down Tim Walz impersonation role on ‘SNL,’ dashing internet’s casting hopes
Paris Olympics live updates: Quincy Hall wins 400m thriller; USA women's hoops in action
The AI doom loop is real. How can we harness its strength? | The Excerpt