Current:Home > StocksToyota pushes back EV production plans in America -Secure Growth Academy
Toyota pushes back EV production plans in America
View
Date:2025-04-14 13:08:14
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! (7)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- Gigi Hadid and Bradley Cooper Show Sweet PDA on Yacht in Italy
- A Florida county’s plan to turn a historic ship into the world’s largest artificial reef hits a snag
- New Sonya Massey video shows officer offering help hours before fatal shooting
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Regulators call for investigation of Shein, Temu, citing reports of 'deadly baby products'
- Americans who have a job are feeling secure. Not so for many who are looking for one
- Mississippi House panel starts study that could lead to tax cuts
- Rylee Arnold Shares a Long
- US Interior Secretary announces restoration of the once-endangered Apache trout species in Arizona
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- California companies wrote their own gig worker law. Now no one is enforcing it
- 4 confirmed dead, suspect in custody after school shooting in Georgia
- Biden promotes administration’s rural electrification funding in Wisconsin
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- 'King of the neighborhood:' Watch as massive alligator crosses road in North Carolina town
- 2 students and 2 teachers were killed at a Georgia high school. Here’s what we know about them
- The Sweet Way Olivia Culpo and Christian McCaffrey Stay Connected During the NFL Season
Recommendation
A White House order claims to end 'censorship.' What does that mean?
Daniel Craig opens up about filming explicit gay sex scenes in new movie 'Queer'
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Open Wide
That photo of people wearing ‘Nebraska Walz’s for Trump’ shirts? They’re distant cousins
'Most Whopper
Lady Gaga's Jaw-Dropping Intricate Headpiece Is the Perfect Illusion
Opening statements are scheduled in the trial of a man who killed 10 at a Colorado supermarket
Alaska law saying only doctors can provide abortions is unconstitutional, judge rules