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06.09.2024 16:23
06.09.2024 16:48
Toyota lowers 2026 electric vehicle target by 30% amid sluggish sales Toyota Motor Corp. has lowered its global production target for electric vehicles for 2026 by around 30 percent, saying it now aims to produce around 1 million units, amid slowing demand for all-electric cars, sources familiar with the matter said Friday. The move comes as sluggish sales of EVs are pressuring global automakers to reconsider their strategy. Volkswagen AG said recently it is considering closing some of its factories in Germany while Volvo Cars said it has abandoned its target to sell only fully electric vehicles by 2030. Read full story here