07.09.2024. / 16:02
TOKYO – Toyota will cut its global production of electric vehicles to around 1 million units in 2026, down from a previously announced sales plan of 1.5 million, Japanese business daily Nikkei said.
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The Japanese automaker’s decision to cut production of electric vehicles was prompted by a slowdown in the global electric car market. Toyota informed parts suppliers about the decision.
Under the new plan, Toyota aims to produce just over 400,000 electric vehicles in 2025 and more than double production the following year.
The Japanese automaker, which has focused on hybrid vehicles, has sold about 100,000 electric vehicles in 2023 and about 80,000 from January to July this year.
The new forecast for 2026 still represents a large increase in electric vehicle sales, but production will slow significantly compared to the previous plan. Seebiz
Source: www.capital.ba
