Current:Home > MyTrendPulse|Toyota pushes back EV production plans in America -MacroWatch
TrendPulse|Toyota pushes back EV production plans in America
Chainkeen View
Date:2025-04-11 08:40:18
The TrendPulseEV 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! (521)
Related
- Don't let hackers fool you with a 'scam
- Fossil Fuel Development and Invasive Trees Drive Pronghorn Population Decline in Wyoming
- Kate Middleton Shares Royally Sweet Photo of Prince George in Honor of His 11th Birthday
- Read Obama's full statement on Biden dropping out
- Meta releases AI model to enhance Metaverse experience
- Eva Mendes' Ultimate Self-Care Hack May Surprise You
- 2024 Olympics: Breaking Is the Newest Sport—Meet the Athletes Going for Gold in Paris
- Air travel delays continue, though most airlines have recovered from global tech outage
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Sam Smith Shares They Were Unable to Walk After Skiing Accident
Ranking
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- 2024 Olympics: Breaking Is the Newest Sport—Meet the Athletes Going for Gold in Paris
- 72-year-old man picking berries in Montana kills grizzly bear who attacked him
- Who could replace Joe Biden as the 2024 Democratic nominee?
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- A gunman has killed 6 people including his mother at a nursing home in Croatia, officials say
- Biden’s decision to drop out leaves Democrats across the country relieved and looking toward future
- Blake Lively Reacts to Ryan Reynolds Divorce Rumors
Recommendation
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
These are the most common jobs in each state in the US
Hawaii gave up funding for marine mammal protection because of cumbersome paperwork
Halloween in July is happening. But Spirit Halloween holds out for August. Here's when stores open
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
Truck driver charged in Ohio interstate crash that killed 3 students, 3 others
Kyle Larson wins NASCAR Brickyard 400: Results, recap, highlights of Indianapolis race
Pressure mounts on Secret Service; agency had denied requests for extra Trump security