Current:Home > NewsToyota pushes back EV production plans in America -EverVision Finance
Toyota pushes back EV production plans in America
View
Date:2025-04-15 10:47:06
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! (39)
Related
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Kylie Jenner Shares Glimpse Inside Her Paris Fashion Week Modeling Debut
- Federal appeals court rejects Alex Murdaugh’s appeal that his 40-year theft sentence is too harsh
- Inside Pauley Perrette's Dramatic Exit From NCIS When She Was the Show's Most Popular Star
- What do we know about the mysterious drones reported flying over New Jersey?
- The Sports Bra announces partnership with LA women's soccer club for streaming channel
- Spirit Halloween roasts 'SNL' in hilarious response to show's spoof of the chain
- American Idol Reveals First Look at New Judge Carrie Underwood
- Intellectuals vs. The Internet
- D-backs owner says signing $25 million pitcher was a 'horrible mistake'
Ranking
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Coldplay Is Back With Moon Music: Get Your Copy & Watch Them Perform The Album Live Before It Drops
- NFL power rankings Week 5: Do surging Baltimore Ravens rocket all the way up to No. 1?
- The president could invoke a 1947 law to try to suspend the dockworkers’ strike. Here’s how
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Shock of deadly floods is a reminder of Appalachia’s risk from violent storms in a warming climate
- Tigers ace Tarik Skubal shuts down Astros one fastball, one breath, and one howl at a time
- Travis Kelce Reacts to Making Chiefs History
Recommendation
Tom Holland's New Venture Revealed
Lionel Messi to rejoin Argentina for two matches in October. Here's what you need to know
Dakota Fanning Details Being Asked “Super Inappropriate Questions” as a Child Star
Lionel Richie Shares Sweet Insight Into Bond With Granddaughter Eloise
$73.5M beach replenishment project starts in January at Jersey Shore
Gap Fall Clothes That Look Expensive: Affordable Luxury for 60% Off
How Climate Change Intensified Helene and the Appalachian Floods
New York Liberty push defending champion Las Vegas Aces to brink with Game 2 victory