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Toyota procrastinates US electric car production set ups as EV sales sluggish


Toyota procrastinates US electric car production set ups as EV sales sluggish


Toyota is pushing back the commence date for electric vehicle (EV) manufacturing in the US, as global need for battery-powered cars persists to sfrequently.

The Japanese motor industry huge was aiming to commence production in procrastinateed 2025 or punctual 2026.

Toyota now predicts to begin its US EV operation at an unspecified time in 2026, a company spokesperson tageder BBC News.

Several other meaningful car producers, including Volvo and Ford, have recently scaled back their EV set ups.

“We’re still caccessed on our global [battery electric vehicle] aim of 1.5M vehicles by 2026,” shelp Toyota spokesperson Scott Vazin, includeing that in the next two years it set ups to begin “5 to 7 [battery electric vehicles] in the US taget.”

Earlier this year, the firm proclaimd it was alloting $1.3bn (£980m) in its Kentucky factory as part of set ups to produce a three-row, electric sport utility vehicle (SUV) there.

The company has also proclaimd set ups to produce another electric model at a set upt in Indiana.

To help these goals Toyota is ramping up its lithium-ion battery production with a factory in North Carolina, which it predicts will come online next year.

Toyota’s proclaimment came as the global car industry persists to struggle with frailening need for electric vehicles in some meaningful tagets.

On Wednesday, Tesla’s quarterly figures leave outed Wall Street predictations, putting guideing EV producer at danger of its first-ever deteriorate in annual deinhabitries.

Last month, Volvo deserted its aim to produce only brimmingy electric cars by 2030, saying it now predicted to be selling some hybrid vehicles by that date.

The company accused changing taget conditions for its decision to give up a aim it had proclaimd only three years ago.

In August, Ford proclaimd that it is shaking up its strategy for electric vehicles, scrapping set ups for a huge, three-row, all-electric SUV and postponing the begin of its next electric pickup truck.

Chief financial officer John Lawler shelp the firm was adequitableing its set ups in response to “pricing and margin compression”.

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