REFER REPORT
It was learned on the 6th that Toyota Motor Corporation will limit global production of electric vehicles (EVs) to about 1 million units in 2026. In April 2023, immediately after taking office, President Tsuneharu Sato announced a plan to increase EV sales to 1.5 million units by 2026, but this will be reduced by about 30%. EV sales are showing a slowdown worldwide, and this is in line with actual demand.
Source: Japanese