Current:Home > reviewsToyota pushes back EV production plans in America -Keystone Capital Education
Toyota pushes back EV production plans in America
View
Date:2025-04-15 21:14:54
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! (3397)
Related
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Gabon coup attempt sees military chiefs declare election results cancelled and end to current regime
- A man convicted this month of killing his girlfriend has escaped from a Pennsylvania prison
- Grammy-winning British conductor steps away from performing after allegedly hitting a singer
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Giuliani to enter not guilty plea in Fulton County case, waive arraignment
- A man convicted of murder in Pennsylvania and wanted in Brazil remains at large after prison escape
- Influencer Ruby Franke’s Sisters Speak Out After She’s Arrested on Child Abuse Charges
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Activists prepare for yearlong battle over Nebraska private school funding law
Ranking
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- X's new privacy policy allows it to collect users' biometric data
- One dead, at least two injured in stabbings at jail in Atlanta that is under federal investigation
- 'Extremely dangerous' convicted murderer escapes from prison: DA
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- A man convicted of murder in Pennsylvania and wanted in Brazil remains at large after prison escape
- Man escapes mental hospital in Oregon while fully shackled and drives away
- Is beer sold at college football games? Here's where you can buy it during the 2023 season
Recommendation
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Florida father arrested 2 years after infant daughter found with baby wipe in throat
Prince Harry makes surprise appearance at screening for Netflix series 'Heart of Invictus'
Dirty air is biggest external threat to human health, worse than tobacco or alcohol, major study finds
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Alabama lawmaker agrees to plead guilty to voter fraud
Delta Air Lines says it has protected its planes against interference from 5G wireless signals
A 'conservation success': Texas zoo hatches 4 critically endangered gharial crocodiles