Toyota Motor halted development of a next-generation electric vehicle for its Lexus brand, citing weak demand and the elimination of US subsidies amid a broader review of new projects.
The LF-ZC, which had been expected to go on sale in mid-2027, was set to include new technologies such as gigacasting and more cost-effective batteries with faster charging speeds.
Those features will be carried over to other vehicles, a spokesperson for the Japanese carmaker said.
Toyota’s decision underscores how major automakers are recalibrating their electrification goals as demand growth slows and government incentives become less certain.
The move by the world’s largest carmaker aligns with a review of its 2026 target to sell 1.5 million EVs and Chief Executive Officer Kenta Kon’s push to improve profitability.
When Toyota unveiled the concept model for the electrified Lexus in 2023, the initial goal was to introduce the model in 2026, although local media subsequently reported that it had been pushed back to next year.
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