Toyota lowers 2026 electric vehicle target by 30% amid sluggish sales
Toyota Motor Corp. has lowered its global production target for electric vehicles for 2026 by around 30 percent, saying it now aims to produce around 1 million units, amid slowing demand for all-electric cars, sources familiar with the matter said Friday. The move comes as sluggish sales of EVs are pressuring global automakers to reconsider…