Current:Home > ContactToyota pushes back EV production plans in America -WealthSync Hub
Toyota pushes back EV production plans in America
View
Date:2025-04-18 11:25:22
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! (5)
Related
- Trump's 'stop
- J Balvin's Best Fashion Moments Prove He's Not Afraid to Be Bold
- All Biomass Is Not Created Equal, At Least in Massachusetts
- At 18 weeks pregnant, she faced an immense decision with just days to make it
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- How does air quality affect our health? Doctors explain the potential impacts
- Health department medical detectives find 84% of U.S. maternal deaths are preventable
- Scripps Howard Awards Recognizes InsideClimate News for National Reporting on a Divided America
- $73.5M beach replenishment project starts in January at Jersey Shore
- Amazon Fires Spark Growing International Criticism of Brazil
Ranking
- Retirement planning: 3 crucial moves everyone should make before 2025
- New York business owner charged with attacking police with insecticide at the Capitol on Jan. 6
- MTV Movie & TV Awards 2023 Winners: See the Complete List
- Trump informed he is target of special counsel criminal probe
- Meet first time Grammy nominee Charley Crockett
- Today’s Climate: July 22, 2010
- Human cells in a rat's brain could shed light on autism and ADHD
- Wildfire smoke causes flight delays across Northeast. Here's what to know about the disruptions.
Recommendation
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Today’s Climate: July 6, 2010
Supreme Court rules against Alabama in high-stakes Voting Rights Act case
Monkeypox cases in the U.S. are way down — can the virus be eliminated?
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Amazon Fires Spark Growing International Criticism of Brazil
InsideClimate News Wins SPJ Award for ‘Choke Hold’ Infographics
Barnard College will offer abortion pills for students