Sales of electric cars are falling, and Toyota has to adjust plans

So, it became known about the transfer of the start of the construction of the plant for the production of batteries in Japan. According to Nikkei Asia, Toyota postponed negotiations with the Prefecture of Fukuok for exactly exactly exactly where the enterprise should be located. This question was intended to be taken to the agenda in April, but its discussion was postponed to the fall. The agency notes that this does not mean a complete abandonment of the project of the battery factory, but the nomenclature can be revised.

According to the starting plan, the new Toyota plant was to be commissioned in 2028. There they organize the production of new generation batteries for electric cars, which can potentially ensure a range of up to 1000 kilometers. However, the pace of sales of electric transport was lower than expected, in connection with which Toyota has already reviewed the electrification strategy.

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Back in 2022, it was expected that Toyota would sell in the second half of the current decade up to 1.6 million electric cars per year. In 2023, the Japanese automaker lowered this bar to 1 million, and later even at all 800 thousand.

The adjustment of plans was reflected on the model line. Toyota postponed the production of a large electric crossover, which intended to put on the conveyor of the plant in the American state of Kentukka in 2025. The deadlines were shifted to the middle of 2026.

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