Current:Home > NewsToyota pushes back EV production plans in America -WealthRoots Academy
Toyota pushes back EV production plans in America
PredictIQ Quantitative Think Tank Center View
Date:2025-04-07 11:08:54
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! (48937)
Related
- Buckingham Palace staff under investigation for 'bar brawl'
- Seven of 9 Los Angeles firefighters injured in truck blast have been released from a hospital
- Utah school board member censured after questioning high school athlete's gender
- Simu Liu Teases Barbie Reunion at 2024 People's Choice Awards
- Arkansas State Police probe death of woman found after officer
- Loophole allows man to live rent-free for 5 years in landmark New York hotel
- New York State Restricts Investments in ExxonMobil, But Falls Short of Divestment
- Consumers sentiment edges higher as economic growth accelerates and inflation fades
- The White House is cracking down on overdraft fees
- Police find body of missing 5-year-old Darnell Taylor, foster mother faces murder charge
Ranking
- B.A. Parker is learning the banjo
- Get a Tan in 1 Hour and Save 46% On St. Tropez Express Self-Tanning Mousse
- Prince Harry, Duchess Meghan hit the slopes in Canada to scope out new Invictus Games site: See photos
- FBI informant lied to investigators about Bidens' business dealings, special counsel alleges
- Intellectuals vs. The Internet
- There was an outcry about ‘practice babies’ on TikTok. It’s not as crazy as it sounds.
- How ageism against Biden and Trump puts older folks at risk
- Prince Harry says he's 'grateful' he visited King Charles III amid cancer diagnosis
Recommendation
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Loophole allows man to live rent-free for 5 years in landmark New York hotel
Amy Schumer calls out trolls, says she 'owes no explanation' for her 'puffier' face
Polar bears stuck on land longer as ice melts, face greater risk of starvation, researchers say
Bodycam footage shows high
In the chaos of the Kansas City parade shooting, he’s hit and doesn’t know where his kids are
Deliberations resume in the murder trial of former Ohio deputy who fatally shot a Black man
'Outer Range': Josh Brolin interview teases release date for Season 2 of mystery thriller