Current:Home > ScamsToyota pushes back EV production plans in America -ValueMetric
Toyota pushes back EV production plans in America
View
Date:2025-04-24 19:34:49
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! (2)
Related
- USA men's volleyball mourns chance at gold after losing 5-set thriller, will go for bronze
- 32 things we learned in NFL Week 3: These QB truths can't be denied
- Nikki Garcia Steps Out With Sister Brie Garcia Amid Artem Chigvintsev Divorce
- As he welcomes Gotham FC, Biden says “a woman can do anything a man can do,” including be president
- The Daily Money: Disney+ wants your dollars
- Michael Strahan Shares He's a Grandfather After Daughter Welcomes Son
- How colorful, personalized patches bring joy to young cancer patients
- Texas jury clears most ‘Trump Train’ drivers in civil trial over 2020 Biden-Harris bus encounter
- The GOP and Kansas’ Democratic governor ousted targeted lawmakers in the state’s primary
- US Naval Academy says considering race in admissions helps create a cohesive military
Ranking
- Louisiana high court temporarily removes Judge Eboni Johnson Rose from Baton Rouge bench amid probe
- Gunman in Colorado supermarket shooting is the latest to fail with insanity defense
- Family of Missouri woman murdered in home 'exasperated' as execution approaches
- Carly Rae Jepsen Engaged to Producer Cole MGN: See Her Ring
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Dancing With the Stars' Sasha Farber Raises Eyebrows With Flirty Comment to Jenn Tran
- BLM Plan for Solar on Public Lands Sparks Enthusiasm and Misgivings in Different Corners of the West
- 'Still suffering': Residents in Florida's new hurricane alley brace for Helene impact
Recommendation
Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
Gunman in Colorado supermarket shooting is the latest to fail with insanity defense
Influencer Bridget Bahl Details Nightmare Breast Cancer Diagnosis Amid 6th IVF Retrieval
Efforts to build more electric vehicle charging stations in Nevada sputtering
$1 Frostys: Wendy's celebrates end of summer with sweet deal
US Naval Academy says considering race in admissions helps create a cohesive military
Nikki Garcia Steps Out With Sister Brie Garcia Amid Artem Chigvintsev Divorce
How to Watch the 2024 People's Choice Country Awards and Live From E!