Toyota to delay U.S. EV production to 2026 on slowing sales

Japanese automaker to review lineup of EVs to be made in North America

20241002N Toyota EV

Toyota Motor is reassessing its electric vehicle strategy in North America amid slowing demand.  © Reuters

AZUSA KAWAKAMI, Nikkei staff writers

NEW YORK -- Toyota Motor will push back the production of electric vehicles in North America to the first half of 2026 amid slowing sales in the key auto market, Nikkei has learned.

Toyota previously planned to begin assembling a three-row, electric sport utility vehicle at its plant in Kentucky in 2025, investing $1.3 billion in the facility. It recently told suppliers that the start date will now be delayed by several months.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.