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Toyota, the world's largest automaker, has stepped back on its ambitious electric vehicle (EV) targets, trimming its 2026 production goals by a third. Originally aiming to roll out 1.5 million EVs ...
Toyota announced this week it has pushed back the start date of its US EV, with an unspecified time in 2026, after it planned to kick off production in late 2025 or early 2026.
Toyota has publicly opposed EV targets in many countries. But a memo sent in fall 2023 to car dealers across the US, obtained by CNN, gives an insight into just how determined the company is to ...
In the January-to-November period, Toyota's global output was 5.2% lower than the same period last year at around 8.75 million vehicles, while global sales were down 1.2%. The production and sales ...
Toyota in November credited hybrids and plug-in hybrids like the RAV4, Corolla and the Yaris for strong sales in both North America and Europe. Growth in the U.S. EV market is slowing, according ...
That compared with 104,000 battery-powered vehicles sold by Toyota, which has long lagged behind in the global EV race. The company, which is a leader of hybrid cars, sold 3.7 million electric ...
Though EV sales are still growing, the pace has slowed. In the first half of 2023, EV sales rose 49% from one year before, a slower rate than the 63% increase last year, the Wall Street Journal ...
Toyota’s Shanghai factory will develop a new BEV under its premium Lexus brand, with production starting from 2027. Initial capacity will be 100,000 units per year, with 1,000 new jobs created ...