Toyota cuts production of electric cars by 33%. The Japanese are changing their electrification plans

Toyota cuts production of electric cars by a third due to dwindling demand. How many electric cars will the Japanese produce in the next two years?

Toyota is not one of the manufacturers that has bet too much on electric cars, and there have even been times when the Japanese manufacturer has been questioned for focusing more on its hybrid range. This seems to have been the winning strategy in the current context, given the declining demand for electric cars.

Despite announcing new electric models to be launched in the coming years, Toyota is cutting production of zero-emission cars by up to 33%, reports Carscoops. According to the latest information, Toyota wants to produce 400,000 electric cars in 2025. In 2026, the Japanese plan to produce one million electric vehicles, which is a decrease of 33%.

Toyota is rethinking its plans for electric production

While this is a substantial increase from the roughly 100,000 EVs sold last year, Toyota has decided to cut production due to a “slowdown in the global EV market.” As part of this effort, the company may only build about 400,000 electric vehicles next year.

There is no information regarding the delay of launches for future electric models. Toyota is currently working on a new range of electric cars, including two SUVs with three rows of seats. They will be built at Toyota Motor Manufacturing Kentucky and Toyota Motor Manufacturing Indiana.

In July, the automaker said it plans to “offer 30 electric models globally and produce up to 3.5 million electrics annually” by 2030. Toyota isn’t the first automaker to slow its push for electric vehicles, as Volvo recently abandoned plans to have an all-electric range by 2030. Instead, the Swedes will offer a mix of mild-hybrid, plug-in hybrid and all-electric models.