Automakers proceed to delay their EV plans. Bentley, Ford, Mercedes-Benz, Volvo, and others have pushed again their electrification timelines because the market cools, and now Toyota is doing the identical.
Toyota was scheduled to kick off EV manufacturing within the US in 2025. Now the corporate is taking a look at someday in mid-2026. Like so many different producers as soon as bullish on electrification, waning EV enthusiasm has pressured Toyota to rethink its technique.
“We’re nonetheless centered on our international [battery electric vehicle] goal of 1.5 million autos by 2026,” Toyota spokesperson Scott Vazin instructed the BBC. Even with the delay, the automaker nonetheless plans to provide “5 to 7 [battery electric vehicles] within the US,” mentioned Vazin.
Toyota invested $1.3 billion into its Georgetown Meeting Plant in Kentucky towards the manufacturing of an electrical three-row SUV. The corporate additionally spent $1.3 billion in North Carolina for lithium-ion battery manufacturing and allotted $1.4 billion for EV manufacturing at its Princeton, Indiana facility.
Toyota’s three-row electrical SUV will nonetheless occur—simply later than anticipated. Nikkei Asia studies that design updates, which suppliers should catch as much as, additionally contributed to the delay. As for the three-row Lexus EV scheduled for 2030, it’s reportedly not being constructed within the US. As a substitute, Lexus will doubtless import that mannequin from Japan.
