Toyota Motor Corp. has decided to delay the production of its first US-made electric vehicle until 2026, pushing back from an earlier estimate of late 2025. This setback highlights the challenges automakers face in transitioning to electric vehicles, despite the significant investments made in preparation for EV production. The company's commitment to vehicle electrification remains strong as they also plan to sell at least seven all-electric vehicles in the U.S. by the next two years.
According to Kerry Creech, the President of Toyota Kentucky, this announcement is a testament to the company's long-term dedication to vehicle electrification and reinvestment in U.S. operations. He stated, 'Generations of our team members helped prepare for this opportunity, and we will continue leading the charge into the future by remaining true to who we are as a company and putting our people first for generations to come.' This encapsulates Toyota's focus on community and sustainability.
Amidst these delays, Toyota is still pushing forward with plans to produce a second all-electric SUV in Princeton, Indiana, slated for late 2026. The automaker is investing $1.4 billion into this Indiana facility, along with a significant $11.1 million investment aimed at bolstering STEM programs in local schools. This approach reflects Toyota's commitment not just to manufacturing, but also to contributing to educational initiatives in the communities they operate.
Despite the setback in production timelines, it is noteworthy that Toyota currently offers two all-electric vehicles in the U.S. market: the five-seat Toyota bZ4X and the Lexus RZ 450e, both of which are produced in Japan. Toyota's strategy indicates an ambition to expand their electric vehicle lineup, indicating confidence in the long-term viability of EV sales in the U.S., potentially transitioning more operations stateside once the initial EV models come to market.
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