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Toyota has delayed its plans to build a three
row electric SUV in the US.
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According to a Nikkei report, the automaker had
originally intended to begin building the
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vehicles in 2025 at its plant in Kentucky where
it invested another $1.3 billion
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earlier this year.
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But now it looks like that won’t happen until
2026.
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A development that could be blamed on slowing
us demand.
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Toyota confirmed the delay to Reuters with a
spokesperson saying,
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quote, we’ve always said it would be late 2025
and it could creep into 2026 and it does look
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like it’s going to creep into 2026 despite the
delay, Toyota reaffirmed its plans to roll out
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5 to 7 new models in the US over the next two
years.
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Toyota has also reportedly canceled plans to
start building an electric Lexus in the US by
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2030 electing instead to build them overseas
and then ship them over here.
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The changes in Toyota’s plans have impacted the
automakers production goals.
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The company previously said it wanted to make
1.5 million evs globally by 2026.
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But according to the report, that number could
wind up closer to 1 million in June.
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Toyota.
North America reported first half 2024 US sales
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totaling nearly 1.2 million vehicles up 14.3%.
During that same time period.
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Toyota’s US electrified vehicle sales totaled
454,190 7-Up,
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67.9%.
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I’m Benn Munson and this is manufacturing now.