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.
Electric vehicles
Toyota's EV delay reveals price of protectionism against China
Western efforts to shield market hurt demand and drive up prices
Toyota Motor now plans to start producing electric vehicles in North America in 2026 instead of 2025. © Reuters
Read Next
Latest on Electric vehicles
