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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.
General Motors similarly announced it would slow down EV production after making bullish commitments to completely phase out gas- and diesel-powered vehicles by 2035. The company blamed drops in ...
Yet Toyota’s hybrid sales remained strong, making up 42% of Toyota and Lexus sales between April and December 2024, up from 33.4% a year ago. North America and Europe mainly drove sales. This ...
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 ...
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 ...
But Toyota doubled down on them—and the move has proved prescient. Hybrid sales have been on a tear in 2023, jumping 48% in the first three quarters compared to the same year-ago period, the ...
Toyota last year sold fewer than 25,000 EVs, including of its Lexus brand, worldwide. Toyota declined to comment on the report. Toyota to speed up EV production, aims for over 600,000 vehicles in ...