Current:Home > ContactToyota pushes back EV production plans in America -EquityZone
Toyota pushes back EV production plans in America
View
Date:2025-04-17 12:10:43
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! (3298)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- CBS News Sunday Morning gets an exclusive look inside the making of singer Randy Travis' new AI-created song
- 5 people die from drinking poison potion in Santeria power ritual, Mexican officials say
- $400 million boost in federal funds for security at places of worship
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Mike Trout's GOAT path halted by injuries. Ken Griffey Jr. feels the Angels star's pain.
- Alabama state senator chides male colleagues for letting parental leave bill die
- Treat your mom with P.F. Chang's Fortune Cookie Flower Bouquet for Mother's Day
- $73.5M beach replenishment project starts in January at Jersey Shore
- Drake, Kendrick Lamar diss tracks escalate with 'Meet the Grahams' and 'Family Matters'
Ranking
- Skins Game to make return to Thanksgiving week with a modern look
- 2024 NBA playoffs: Second-round scores, schedule, times, TV, key stats, who to watch
- With a vest and a voice, helpers escort kids through San Francisco’s broken Tenderloin streets
- Stay Bug- & Itch-Free with These Essentials for Inside & Outside Your Home
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Senate races are roiled by campus protests over the war in Gaza as campaign rhetoric sharpens
- ‘The Fall Guy’ gives Hollywood a muted summer kickoff with a $28.5M opening
- Florida women drive 500 miles from Jacksonville to Key West in toy cars to 'save animals'
Recommendation
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Walker Hayes shares his battle with addiction and the pain of losing a child in new music collection, Sober Thoughts
Former Michigan basketball star guard Darius Morris dies at age 33
Police searching for clandestine crematorium in Mexico say bones found around charred pit are of animal origin
A South Texas lawmaker’s 15
Swanky Los Angeles mansion once owned by Muhammad Ali up for auction. See photos
2024 Preakness Stakes: Date, time, how to watch and more to know about 149th race
Mexican authorities recover 3 bodies near where US, Australian tourists went missing