Current:Home > ScamsToyota pushes back EV production plans in America -ProsperityStream Academy
Toyota pushes back EV production plans in America
View
Date:2025-04-12 02:15:44
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! (6)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Israel considering deal with Hamas for temporary Gaza cease-fire in exchange for release of some hostages
- CBS announces 2024 primetime premiere dates for new and returning series
- Donald Glover says fans will be 'shocked' by 'Mr. & Mrs. Smith' TV series
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Indian troops kill 5 suspected rebels in Kashmir fighting, police say
- STAYC reflects on first US tour, sonic identity and being a 'comfort' to SWITH
- Ukrainian marines claim multiple bridgeheads across a key Russian strategic barrier
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Olympic champ Sunisa Lee gained 45 pounds due to kidney issue. 'It was so scary.'
Ranking
- Matt Damon remembers pal Robin Williams: 'He was a very deep, deep river'
- Why “Mama Bear” Paris Hilton Hit Back at Negative Comments About Her Baby Boy Phoenix
- Arizona man found dead at Grand Canyon where he was hiking popular trail
- Tropical disturbance hits western Caribbean, unleashing floods and landslides in Jamaica
- Sonya Massey's father decries possible release of former deputy charged with her death
- Shakira Has Adorable Date Night With Her and Gerard Piqué's 2 Sons at Latin Grammy Awards 2023
- Meghan Markle Reveals Holiday Traditions With Her and Prince Harry’s Kids in Rare Interview
- Man convicted in death of woman whose body was found in duffel bag along rural road
Recommendation
Vance jokes he’s checking out his future VP plane while overlapping with Harris at Wisconsin airport
K-Pop star Rose joins first lady Jill Biden to talk mental health
Charissa Thompson responds to backlash after admitting making up NFL sideline reports
Indian troops kill 5 suspected rebels in Kashmir fighting, police say
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
What's ahead for travelers during Thanksgiving 2023
FedEx mistakenly delivers $20,000 worth of lottery tickets to Massachusetts woman's home
Snoop Dogg says he’s giving up ‘smoke.’ It caught some of his fans off guard