Toyota to cut EV production targets by a third - reports

The recent slowdown in the sale of electric cars has coincided with an uptick in the sale of hybrid vehicles for the manufacturer.

A Toyota logo is shown at the North American International Auto Show in Detroit. The recent slowdown in the sale of electric cars has coincided with an uptick in the sale of hybrid vehicles for the manufacturer.

Toyota is reportedly to cut its global production target for EV production by a third.

According to reports from the Nikkei market in Japan this morning the car giant will see a cut for the 2026 global EV production to around 1 million vehicles, down from a previously announced sales plan of 1.5 million.