Current:Home > FinanceToyota pushes back EV production plans in America -FundGuru
Toyota pushes back EV production plans in America
Chainkeen Exchange View
Date:2025-04-10 18:44:59
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! (52899)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Biden and Tribal Leaders Celebrate Four Years of Accomplishments on Behalf of Native Americans
- Federal appeals court takes step closer to banning TikTok in US: Here's what to know
- Krispy Kreme's 'Day of the Dozens' offers 12 free doughnuts with purchase: When to get the deal
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- A fugitive gains fame in New Orleans eluding dart guns and nets
- PACCAR recalls over 220,000 trucks for safety system issue: See affected models
- Small plane crashes onto New York highway, killing 1 person and injuring another
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- A Malibu wildfire prompts evacuation orders and warnings for 20,000, including Dick Van Dyke, Cher
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- How Hailee Steinfeld and Josh Allen Navigate Their Private Romance on Their Turf
- 'Wicked' sing
- Social media platform Bluesky nearing 25 million users in continued post
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- How to watch the Geminid meteor shower this weekend
- Epic Games to give refunds after FTC says it 'tricked' Fortnite players into purchases
- Military service academies see drop in reported sexual assaults after alarming surge
Recommendation
2 killed, 3 injured in shooting at makeshift club in Houston
Deadly chocolate factory caused by faulty gas fitting, safety board finds
Epic Games to give refunds after FTC says it 'tricked' Fortnite players into purchases
Jim Carrey Reveals Money Inspired His Return to Acting in Candid Paycheck Confession
Federal hiring is about to get the Trump treatment
When fire threatened a California university, the school says it knew what to do
'The Later Daters': Cast, how to stream new Michelle Obama
How Hailee Steinfeld and Josh Allen Navigate Their Private Romance on Their Turf