Current:Home > MarketsToyota pushes back EV production plans in America -Capitatum
Toyota pushes back EV production plans in America
NovaQuant View
Date:2025-04-07 04:47:02
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! (775)
Related
- Former Milwaukee hotel workers charged with murder after video shows them holding down Black man
- March for Life 2024: Anti-abortion advocates plan protest in nation's capital
- For Netflix documentaries, there’s no place like Sundance
- Novak Djokovic advances into fourth round in 100th Australian Open match
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Kids can benefit from having access to nature. This photographer is bringing trees into classrooms – on the ceiling.
- Ashley Park Shares She Was Hospitalized After Suffering From Critical Septic Shock
- Historic Methodist rift is part of larger Christian split over LGBTQ issues
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Pennsylvania school district votes to reinstate Native American logo criticized as insensitive
Ranking
- Jury finds man guilty of sending 17-year-old son to rob and kill rapper PnB Rock
- A stuntman steering a car with his feet loses control, injuring 9 people in northern Italy
- BodyArmor launches sugar-free, carb-free version of popular sports drink
- Apple offers rivals access to tap-and-go payment tech to resolve EU antitrust case
- Sonya Massey's family keeps eyes on 'full justice' one month after shooting
- Analysis: Risk of spiraling Mideast violence grows as war in Gaza inflames tensions
- Horoscopes Today, January 19, 2024
- For Netflix documentaries, there’s no place like Sundance
Recommendation
9/11 hearings at Guantanamo Bay in upheaval after surprise order by US defense chief
Why Kim Kardashian Is Defending Her Use of Tanning Beds
Uvalde families renew demands for police to face charges after a scathing Justice Department report
For Netflix documentaries, there’s no place like Sundance
Meta releases AI model to enhance Metaverse experience
Upset about Kyrie Irving's performance against the Lakers? Blame Le'Veon Bell
Atlanta Opera will update Puccini’s ‘La Bohéme’ for the coronavirus pandemic
3M to pay $253 million to veterans in lawsuit settlement over earplugs and hearing loss