A new electric vehicle co-developed by Toyota and Subaru is slated for release in 2026, according to a report by Nikkei Asia. This upcoming EV will be aimed at markets in Japan, Europe, and North America,

Toyota has reportedly delayed production of a three-row electric SUV in the US amid cooling demand for battery-powered vehicles and surging hybrid sales. Earlier this year, Toyota's US division announced it would invest US$1.

While Tesla has been canceling its cheap electric models, Japanese automaker Toyota has been pushing back some of its electric ambitions. The Corolla maker announced today that it will delay its plans for U.

Toyota Motor postponed its plans to start electric-vehicle production in North America due to a slowdown in EV sales and design adjustment. A report by the Nikkei revealed that production was moved to the first half of 2026 instead of the initial planned schedule of 2025.

"We’re still focused on our global [battery electric vehicle] target of 1.5M vehicles by 2026," said Toyota spokesperson Scott Vazin, adding that in the next two years it plans

Toyota Motor will postpone the start of electric-vehicle production in North America to the first half of 2026 due to design adjustment and slowing EV sales, the Nikkei business daily reported on Thursday.

Toyota has delayed plans to build electric vehicles in the United States by several months amid dwindling sales.

Toyota is the latest automaker to delay its EV plans to do slowing demand. Automakers continue to delay their EV plans. Bentley, Ford, Mercedes-Benz, Volvo, and others have pushed back their electrification timelines as the market cools,