13 Jun 2026, 02:11:06 PM

Toyota, Volvo, Porsche, Mercedes-Benz Scale Back EV Production Plans

Toyota is preparing to reduce its electric vehicle (EV) production goals for next year, revising its original target of producing 1.5 million EVs by 2026 to 1 million. A Toyota spokesperson clarified that this figure isn’t a strict target but rather a guideline aimed at improving the company’s infrastructure and supply chain for battery electric […]