Current:Home > MarketsToyota pushes back EV production plans in America -Aspire Money Growth
Toyota pushes back EV production plans in America
View
Date:2025-04-14 08:43:34
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! (219)
Related
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Investors Pressure Oil Giants on Ocean Plastics Pollution
- Tom Cruise and Nicole Kidman's Son Connor Cruise Shares Rare Selfie With Friends
- 4 Ways to Cut Plastic’s Growing Greenhouse Gas Emissions
- The Best Stocking Stuffers Under $25
- Perry’s Grid Study Calls for Easing Pollution Rules on Power Plants
- Cancer drug shortages could put chemo patient treatment at risk
- Trump’s Fighting to Keep a Costly, Unreliable Coal Plant Running. TVA Wants to Shut It Down.
- What do we know about the mysterious drones reported flying over New Jersey?
- This Is the Boho Maxi Skirt You Need for Summer— & It's Currently on Sale for as Low as $27
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Tom Cruise and Nicole Kidman's Son Connor Cruise Shares Rare Selfie With Friends
- Pregnant Naomi Osaka Reveals the Sex of Her First Baby
- Flash Deal: Save $200 on a KitchenAid Stand Mixer
- What do we know about the mysterious drones reported flying over New Jersey?
- Proof Fast & Furious's Dwayne Johnson and Vin Diesel Have Officially Ended Their Feud
- Can Car-Sharing Culture Help Fuel an Electric Vehicle Revolution?
- Kaley Cuoco Reveals If She and Tom Pelphrey Plan to Work Together in the Future
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
UN Launches Climate Financing Group to Disburse Billions to World’s Poor
New Orleans Finally Recovering from Post-Katrina Brain Drain
Man faces felony charges for unprovoked attack on dog in North Carolina park, police say
Why members of two of EPA's influential science advisory committees were let go
Allow Homicide for the Holidays' Horrifying New Trailer to Scare You Stiff This Summer
Microscopic Louis Vuitton knockoff bag narrow enough to pass through the eye of a needle sells for more than $63,000
Family Feud Contestant Timothy Bliefnick Found Guilty of Murdering Wife Rebecca