TOKYO — U.S. and European efforts to shield their electric vehicle markets from cheap Chinese imports are driving up prices and weighing down demand, forcing automakers like Toyota Motor to reevaluate their business strategies. One Toyota dealership in New York was offering to lease an electric bZ4X sport utility vehicle for just under $30,000 in September…
File photo taken in December 2021 shows then Toyota Motor Corp. President Akio Toyoda explaining the automaker’s electric vehicle strategy in Tokyo. (Kyodo) Toyota Motor Corp. said Thursday it will delay the start of electric vehicle production in the United States, with sources saying the schedule will be pushed back by several months to 2026…
NEW YORK — Toyota Motor will push back the production of electric vehicles in North America to the first half of 2026 amid slowing sales in the key auto market, Nikkei has learned. Toyota previously planned to begin assembling a three-row, electric sport utility vehicle at its plant in Kentucky in 2025, investing $1.3 billion…