Current:Home > MyToyota pushes back EV production plans in America -WealthMindset Learning
Toyota pushes back EV production plans in America
View
Date:2025-04-18 06:20:51
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! (617)
Related
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Plane crash kills two near EAA Airventure Oshkosh 2024 on first day
- Harris steps into the limelight. And the coconut trees and memes have followed
- Kamala Harris' campaign says it raised more than $100 million after launch
- Small twin
- A look at Kamala Harris' work on foreign policy as vice president
- Conservatives use shooting at Trump rally to attack DEI efforts at Secret Service
- Nordstrom Anniversary Sale 2024: The Best Deals on Accessories From Celine, Dagne Dover, Coach & More
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Police chief shot dead days after activist, wife and daughter killed in Mexico
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Blake Lively Jokes She Wasn't Invited to Madonna's House With Ryan Reynolds
- Two-time Wimbledon champion Andy Murray says Paris Olympics will be final event of storied career
- Antisemitism runs rampant in Philadelphia schools, Jewish group alleges in civil rights complaint
- What do we know about the mysterious drones reported flying over New Jersey?
- This state was named the best place to retire in the U.S.
- Safeguarding the heartbeat: Native Americans in Upper Midwest protect their drumming tradition
- Woman gets probation for calling in hoax bomb threat at Boston Children’s Hospital
Recommendation
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Nordstrom Beauty Director Autumne West Shares Deals That Will Sell Out, Must-Haves & Trend Predictions
It's not just smoking — here's what causes lung cancer
Watchdog who criticized NYPD’s handling of officer discipline resigns
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
US opens investigation into Delta after global tech meltdown leads to massive cancellations
Mark Carnevale, former PGA Tour winner and golf broadcaster, dies a week after working his last tournament
McDonald's $5 meal deal will be sticking around for longer this summer: Report