NAGOYA -- Toyota Motor plans to significantly slow its production of electric vehicles, cutting its global output forecast for 2026 to 1 million cars, some 30% lower than the previously announced sales forecast for the same year, Nikkei has learned.
Electric vehicles
Toyota to slow EV output to 30% below previous 2026 sales forecast
Japan auto giant revises plan, now eyes 1m cars for global market
Toyota's decision to lower its EV production target for 2026 to 1 million cars, 30% below its earlier sales forecast, was prompted by the slowdown in the global EV market.
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