Toyota Delays Production Of EVs In US On Slower Sales, Reports Say
Toyota Motor postponed its plans to start electric-vehicle production in North America due to a slowdown in EV sales and design adjustment. A report by the Nikkei revealed that production was moved to the first half of 2026 instead of the initial planned schedule of 2025.
Toyota's electrified SUV will not start U.S. production next year, and their luxury brand extension EV isn't happening.
Investors weren't keen on news of a production delay and a multimillion-dollar investment in an air taxi company.
Add Toyota to the list of automakers dialing back its electric vehicle initiatives, the first Japanese company to do so.
I drove a 2024 Toyota Highlander and was impressed by its efficient hybrid powertrain, great build quality, and well-designed ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback