Toyota plans to expand electric vehicle options but faces delays in new models

Toyota aims to make electric vehicle (EV) ownership more affordable but currently offers only one model, the bZ4X, in the U.S. Production of a new electric SUV has been delayed, with manufacturing now set to begin in 2026. The company is investing in WeaveGrid to enhance home charging solutions and lower energy costs for customers. Toyota plans to expand its lineup of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) while ensuring a seamless ownership experience. Toyota has reduced its EV production target from 1.5 million to 1 million by 2026. The 2025 bZ4X starts at $39,150, potentially making it cheaper than some hybrid models with available incentives.