Toyota Slashes EV Production Goal Amid Global Slowdown ...Middle East

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Toyota Slashes EV Production Goal Amid Global Slowdown
source : OILPRICE ( Middle East ) () 36
Japan’s Toyota Motor Corporation has drastically cut its electric vehicle production target by 30% compared to previous plans, on the back of the slower EV uptake globally, Nikkei reported on Friday. Toyota, one of the world’s biggest car manufacturers, now aims at rolling out 1 million EVs in 2026, down by 30% compared to its previous target, Nikkei’s reporters have learned. The 2025 target for EV production is now at 400,000 units, according to the report. Toyota has already notified its suppliers of its decision to scale back…

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