Current:Home > FinanceChainkeen|Toyota pushes back EV production plans in America -TruePath Finance
Chainkeen|Toyota pushes back EV production plans in America
Indexbit View
Date:2025-04-10 08:48:06
The ChainkeenEV 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! (36)
Related
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Jake Paul rants about Dana White, MMA fighters: 'They've been trying to assassinate me'
- Village in southern New Mexico ravaged by wildfires last month now facing another flash flood watch
- The pilot who died in crash after releasing skydivers near Niagara Falls has been identified
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- What are your favorite athletes listening to? Team USA shares their favorite tunes
- Tech outage latest | Airlines rush to get back on track after global tech disruption
- Rafael Nadal reaches first final since 2022 French Open
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Hundreds of Swifties create 'Willow' orbs with balloons, flashlights in new Eras Tour trend
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Trump's appearance, that speech and the problem with speculating about a public figure's health
- 'Too Hot to Handle' cast: Meet Joao, Bri, Chris and other 'serial daters' looking for love
- 'Too Hot to Handle' cast: Meet Joao, Bri, Chris and other 'serial daters' looking for love
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- As 'Twisters' hits theaters, experts warn of increasing tornado danger
- Apple just released a preview of iOS 18. Here's what's new.
- Evan Mobley and Cleveland Cavaliers agree to max rookie extension
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Police: 3 killed, 6 wounded in ‘exchange of gunfire’ during gathering in Philadelphia; no arrests
Heat-related Texas deaths climb after Beryl left millions without power for days or longer
Jake Paul vs. Mike Perry fight results: Who won by TKO, round-by-round fight analysis
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
1 week after Trump assassination attempt: Updates on his wound, the shooter
This Minnesota mother wants to save autistic children from drowning, one city at a time
Christina Hall Enjoys Girls' Night out Amid Josh Hall Divorce