Toyota delays US electric car plans as sales slow
Toyota is pushing back the start date for electric vehicle (EV) manufacturing in the US, as global demand for battery-powered cars continues to soften, El.kz cites BBC.
The Japanese motor industry giant was aiming to start production in late 2025 or early 2026.
Toyota now expects to launch its US EV operation at an unspecified time in 2026, a company spokesperson told BBC News.
Several other major car makers, including Volvo and Ford, have recently scaled back their EV plans.
"We’re still focused on our global [battery electric vehicle] target of 1.5M vehicles by 2026," said Toyota spokesperson Scott Vazin, adding that in the next two years it plans to introduce "5 to 7 [battery electric vehicles] in the US market."
Earlier this year, the firm announced it was investing $1.3bn (£980m) in its Kentucky factory as part of plans to build a three-row, electric sport utility vehicle (SUV) there.
The company has also announced plans to build another electric model at a plant in Indiana.
To support these goals Toyota is ramping up its lithium-ion battery production with a factory in North Carolina, which it expects will come online next year.
Toyota's announcement came as the global car industry continues to struggle with weakening demand for electric vehicles in some major markets.
On Wednesday, Tesla's quarterly figures missed Wall Street expectations, putting leading EV maker at risk of its first-ever decline in annual deliveries.
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