Toyota is pushing back the start date for electric vehicle (EV) manufacturing in the US, as global demand for battery-powered cars continues to soften.
The Japanese motor industry giant was aiming to start production in late 2025 or early 2026.
Toyota now expects to launch its US EV operation at an unspecified time in 2026, a company spokesperson told BBC News.
Several other major car makers, including Volvo and Ford, have recently scaled back their EV plans.
"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 to introduce "5 to 7 [battery electric vehicles] in the US market."
Earlier this year, the firm announced it was investing $1.3bn (£980m) in its Kentucky factory as part of plans to build a three-row, electric sport utility vehicle (SUV) there.
The company has also announced plans to build another electric model at a plant in Indiana.
To support these goals Toyota is ramping up its lithium-ion battery production with a factory in North Carolina, which it expects will come online next year.
Toyota's announcement came as the global car industry continues to struggle with weakening demand for electric vehicles in some major markets.
On Wednesday, Tesla's quarterly figures missed Wall Street expectations, putting the leading EV maker at risk of its first-ever decline in annual deliveries.
Last month, Volvo abandoned its target to produce only fully electric cars by 2030, saying it now expected to be selling some hybrid vehicles by that date.
The company blamed changing market conditions for its decision to give up a target it had announced only three years ago.
In August, Ford announced that it is shaking up its strategy for electric vehicles, scrapping plans for a large, three-row, all-electric SUV and postponing the launch of its next electric pickup truck.
Chief financial officer John Lawler said the firm was adjusting its plans in response to "pricing and margin compression".
Latest Stories
-
Ghana-Russia Centre to run Russian language courses in Ghana
5 hours -
The Hidden Costs of Hunger: How food insecurity undermines mental and physical health in the U.S.
6 hours -
18plus4NDC marks 3rd anniversary with victory celebration in Accra
9 hours -
CREMA workshop highlights collaborative efforts to sustain Akata Lagoon
9 hours -
2024/25 Ghana League: Heart of Lions remain top with win over Basake Holy Stars
10 hours -
Black Queens: Nora Hauptle shares cryptic WAFCON preparation message amid future uncertainty
10 hours -
Re-declaration of parliamentary results affront to our democracy – Joyce Bawah
10 hours -
GPL 2024/25: Vision FC score late to deny Young Apostles third home win
11 hours -
Enhancing community initiatives for coastal resilience: Insights from Keta Lagoon Complex Ramsar Site Workshop
11 hours -
Family Health University College earns a Presidential Charter
11 hours -
GPL 2024/25: Bibiani GoldStars beat Nsoatreman to keep title race alive
11 hours -
GPL 2024/25 Bechem United keep title hopes alive with narrow win over FC Samartex
11 hours -
2024/25: Dauda Saaka scores as Asante Kotoko beat Dreams FC
11 hours -
M.anifest reflects on galamsey’s devastation 11 years after ‘No Shortcut to Heaven’
12 hours -
We’ll have the last laugh – Sammy Gyamfi slams EC’s “cantata” re-collation
12 hours