Current:Home > InvestToyota pushes back EV production plans in America -Secure Growth Solutions
Toyota pushes back EV production plans in America
View
Date:2025-04-15 20:31:14
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! (59975)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Love Story Actor Ryan O'Neal's Cause of Death Revealed
- Alabama woman with rare double uterus gives birth to twin girls — on 2 different days
- Iowa won’t participate in US food assistance program for kids this summer
- The Best Stocking Stuffers Under $25
- China OKs 105 online games in Christmas gesture of support after draft curbs trigger massive losses
- Wayfair CEO Niraj Shah tells employees to 'work longer hours' in year-end email
- Peso Pluma bests Taylor Swift, Bad Bunny for most streamed YouTube artist of 2023
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Where to watch 'Christmas Vacation' movie: Cast, streaming details, TV airtimes
Ranking
- Meta releases AI model to enhance Metaverse experience
- We Would Have Definitely RSVP'd Yes to These 2023 Celebrity Weddings
- Israeli strike kills 76 members in one Gaza family, rescue officials say as combat expands in south
- Wayfair CEO's holiday message to employees: Work harder
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Premier League has its first female referee as Rebecca Welch handles Fulham-Burnley
- Premier League has its first female referee as Rebecca Welch handles Fulham-Burnley
- Wayfair CEO's holiday message to employees: Work harder
Recommendation
A White House order claims to end 'censorship.' What does that mean?
Pope says ‘our hearts are in Bethlehem’ as he presides over the Christmas Eve Mass in St. Peter’s
TV sitcom ‘Extended Family’ inspired by real-life relationship of Celtics owner, wife and her ex
Bah, Humbug! The Worst Christmas Movies of All-Time
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Why Coco Austin Calls Daughter Chanel Her Little Stalker
NFL Saturday doubleheader: What to know for Bengals-Steelers, Bills-Chargers matchups
Fact-checking 'The Iron Claw': What's real (and what's not) in Zac Efron's wrestling movie