Published 09/06/2024 7:53:00 a.m.

Toyota cuts 2026 EV output plans by a third | Honolulu Star-Advertiser

Summary by Star Advertiser

TOKYO >> Japan’s Toyota Motor has slashed its electric vehicle production plans for 2026 by a third, the Nikkei business daily reported, becoming the latest automaker to roll back electric car plans as EV sales momentum wanes.

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Toyota cuts 2026 EV output plans by a third | Honolulu Star-Advertiser

TOKYO >> Japan’s Toyota Motor has slashed its electric vehicle production plans for 2026 by a third, the Nikkei business daily reported, becoming the latest automaker to roll back electric car plans as EV sales momentum wanes.

09/06/2024 9:30:00 p.m.·Honolulu, United States

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Toyota to cut global electric vehicle production by 30% to 1 million units by 2026 due to market slowdown

Toyota Motor Corporation will scale back its global production of electric vehicles (EVs) to around 1 million units in 2026. This represents a 30% reduction from the 1.5 million units that the company had announced as its global EV sales plan for the same year. Due to the slowdown in the EV market, Volkswagen (VW) is considering closing factories in Germany. The shift in EV strategies by major global automakers is becoming clearer. [Related arti…

09/06/2024 6:00:00 a.m.·Japan

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Automotive News

Toyota cuts 2026 global EV output plans by a third, report says

Toyota will build one million EVs in 2026 instead of 1.5 million, a Japanese newspaper said. Other automakers have scaled back EV plans as sales slow.

09/06/2024 8:50:27 a.m.·United States

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Sluggish demand: Toyota cuts production of electric cars by a third by 2026

The car manufacturer Toyota plans to produce a third fewer electric cars by 2026. The reason for this is insufficient demand.

09/06/2024 7:53:00 a.m.·Düsseldorf, Germany

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Toyota to cut EV output by a third – report

Toyota cutting EV output plans.

09/06/2024 7:51:12 a.m.·United Kingdom

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Giant sharply cuts electric car production plan

Japanese carmaker Toyota has cut its plans to produce electric vehicles in 2026 by a third, Reuters reported, citing the Nikkei business daily.

09/06/2024 10:09:12 a.m.·Poland

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