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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 ...
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 is now doubling down on building out its battery capacity in the US. On Tuesday, the automaker announced it will be expanding its investment at its North Carolina battery manufacturing ...
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's sales in China are slumping as it faces brutal competition from local EV giants like BYD. The Japanese automaker plans to fight back by taking a page from Elon Musk's playbook. It said ...