Toyota cuts 2026 global EV output plans by a third, Nikkei reports

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TOKYO :Japan's Toyota Motor has slashed its electric vehicle production plans for 2026 by a third, the Nikkei business daily reported, becoming the latest automaker to roll back electric car plans as EV sales momentum wanes.

EVs currently account for about 1 per cent of its global sales.

A spokesperson for Toyota was not immediately able to comment on the Nikkei report.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Plans Cars Automaker Million Nikkei Electric Sales 2026 Toyota Tokyo Motor

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 14:15:16 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 261 words

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