TOKYO -- U.S. and European efforts to shield their electric vehicle markets from cheap Chinese imports are driving up prices and weighing down demand, forcing automakers like Toyota Motor to reevaluate their business strategies.
One Toyota dealership in New York was offering to lease an electric bZ4X sport utility vehicle for just under $30,000 in September -- a roughly 40% discount on its sticker price. The automaker will delay the start of EV production in North America to 2026 amid market headwinds, Nikkei reported Thursday.
