Current:Home > MarketsToyota pushes back EV production plans in America -ProsperityStream Academy
Toyota pushes back EV production plans in America
View
Date:2025-04-14 00:28:57
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! (645)
Related
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Average rate on 30
- Trump's 'stop
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Louvre will undergo expansion and restoration project, Macron says
- This was the average Social Security benefit in 2004, and here's what it is now
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Illinois governor calls for resignation of sheriff whose deputy fatally shot Black woman in her home
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Ranking
- Taylor Swift Cancels Austria Concerts After Confirmation of Planned Terrorist Attack
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Former Syrian official arrested in California who oversaw prison charged with torture
- Organizers cancel Taylor Swift concerts in Vienna over fears of an attack
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Recommendation
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
What do we know about the mysterious drones reported flying over New Jersey?
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Daughter of Utah death row inmate navigates complicated dance of grief and healing before execution
Travis Hunter, the 2
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Could your smelly farts help science?