Toyota Slashes EV Production targets for 2026 by a third

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Toyota is excited to unveil the next array of new electric vehicles.

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Production Target: The carmaker expects to build one million electric vehicles in 2026, which is a 33% drop from their earlier targets.

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Current sales: Toyota sold approximately 100,000 electric vehicles last year.

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Global Market Slowdown: The reason for lowering output is a reduction in the global electric vehicle market.

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Toyota expects to produce around 400,000 electric vehicles next year.

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Model Development: Toyota is actively creating a variety of models, including two three-row SUVs.

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Manufacturing Locations: Toyota Motor Manufacturing will manufacture the SUVs in Kentucky and Indiana.

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Toyota is committed to manufacturing 1.5 million electric vehicles annually by 2026 and 3.5 million by 2030, underlining these as their targets.

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Volvo reveals EX60 crossover targeting Tesla Model Y

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