Despite a commitment to making electric vehicle ownership more affordable, Toyota’s limited US lineup leaves customers with few options. After another delay to its upcoming electric SUV, we now know exactly when you can expect to see more Toyota EV models hit the road.
Toyota aims to make electric vehicle ownership more affordable.
Toyota Motor North America unveiled fresh details of its strategy to craft a seamless in-home charging experience as it gears up for its forthcoming lineup of electrified vehicles.
Woven Capital, Toyota’s innovation fund, spearheaded a $28 million investment round in WeaveGrid, a software company specializing in facilitating rapid electric vehicle (EV) adoption within the electrical grid infrastructure.
As Chris Yang, Vice President of Electric Vehicle Charging Options at Toyota, notes, the funding “presents an opportunity for customers and energy utilities to share in mutual benefits that harmonize with our commitment to supporting a carbon-neutral world.”
Toyota is teaming up with utility companies to reduce the cost of owning an electric vehicle, partnering with WeaveGrid to develop apps that minimize energy costs for consumers.
“For decades, Toyota has prioritized delivering exceptional ownership experiences in the US, a commitment that remains unwavering as we strive to expand our lineup of BEV and PHEV vehicles.”
As of our latest knowledge cutoff, multiple electric vehicle (EV) brands have announced new models and upgrades for 2023 and beyond. However, exact arrival dates may vary depending on your location and the manufacturer’s production schedule.
The Japanese manufacturer is renowned for its innovative hybrid designs, exemplified by the iconic Prius. Despite the current scarcity of electric options from Toyota in the US market, where only the bZ4X SUV is available for now, anticipation grows about when its next-generation electric model will hit the roads.
In October, a report surfaced claiming that Toyota was putting the brakes on production of its highly anticipated three-row electric SUV. Toyota has revised its plans, pushing back production of its new EV from 2025 to the first half of 2026 at its Georgetown, Kentucky facility.
The company has no plans to build new Lexus electric SUVs in North America. Lexus’s new electric vehicle models are set to arrive in the global market from Japan.
Toyota is putting back its electric vehicle (EV) rollouts to provide sufficient time to implement innovative production methods, such as giga-casting, which will enable the company to reduce costs and boost production rates more quickly.
Toyota informs its suppliers that it anticipates manufacturing approximately one million electric vehicles by 2026. The company’s production goal has dropped significantly, now targeting just 500,000 units.
Toyota shouldn’t be lagging behind in introducing new electric vehicle styles to the US market. As traditional automakers ramp up their electric vehicle (EV) efforts, the door is opened wide for innovative EV manufacturers such as Rivian, Lucid, and Tesla to claim significant market share.
As of mid-2024, Toyota has delivered nearly 14,000 bZ4X models in the US, more than doubling the approximately 6,500 sold through September 2023.
| (excluding $1,395 DPH charge) | (vs 2024MY) | (mi) | |
| XLE FWD | $37,070 | -$6,000 | 252 |
| XLE AWD | $39,150 | -$6,000 | 228 |
| Restricted FWD | $41,800 | -$5,380 | 236 |
| Restricted AWD | $43,880 | -$5,380 | 222 |
| Nightshade | $40,420 | N/A | 222 |
Toyota unveiled the 2025 bZ4X, announcing a significant price drop of $6,000 compared to its 2024 model year counterpart. The 2025 Toyota bZ4X starts at an affordable price of $39,150. Could a subsidized Toyota electrical SUV be priced lower than its Corolla or RAV4 Hybrid counterparts?
