Current:Home > MarketsToyota pushes back EV production plans in America -Stellar Wealth Sphere
Toyota pushes back EV production plans in America
View
Date:2025-04-17 15:30:08
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! (183)
Related
- 2025 'Doomsday Clock': This is how close we are to self
- Trump says he will vote against Florida's abortion rights ballot amendment | The Excerpt
- 'One Tree Hill' reboot in development at Netflix with Sophia Bush, Hilarie Burton set to return
- Donald Trump Speaks Out Nearly 2 Months After Assassination Attempt
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Real Housewives of Beverly Hills Star Kyle Richards Says This $29.98 Bikini Looks Like a Chanel Dupe
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, This is the Best Day
- The Fed welcomes a ‘soft landing’ even if many Americans don’t feel like cheering
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Gwyneth Paltrow Shines a Light on Family Summer Memories With Ex Chris Martin and Their Kids
Ranking
- Louvre will undergo expansion and restoration project, Macron says
- I spent $1,000 on school supplies. Back-to-school shopping shouldn't cost a mortgage payment.
- 1000-Lb. Sisters Star Amy Slaton Arrested for Drug Possession and Child Endangerment
- Highlights from the first week of the Paralympic Games in Paris
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Fantasy football 2024 draft rankings: PPR and non-PPR
- George and Amal Clooney walk red carpet with Brad Pitt and Ines de Ramon
- Donald Trump Speaks Out Nearly 2 Months After Assassination Attempt
Recommendation
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
'Angry' LSU coach Brian Kelly slams table after 'unacceptable' loss to USC
Jennifer Meyer, ex-wife of Tobey Maguire, engaged to music mogul Geoffrey Ogunlesi
Highlights from the first week of the Paralympic Games in Paris
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Gymnast Kara Welsh’s Coaches and Teammates Mourn Her Death
The presidential campaigns brace for an intense sprint to Election Day
Millions more Americans lacked health insurance under Trump vs. Biden