Toyota halts mass production of Lexus LF-ZC, clarifies it is not abandoning electric vehicles
Golden Ten Data reported on June 5th that recently there have been reports that Toyota has halted the development of the Lexus all-electric sedan LF-ZC mass production model. According to the original plan, mass production of the LF-ZC was to begin at Toyota’s Tahara plant in Japan by the end of 2026, but this schedule was later postponed to mid-2027, and has now been suspended altogether. A relevant Toyota China employee responded, “This suspension of model development is mainly due to changes in market demand, and is part of the company’s overall vehicle development program adjustment. However, it does not mean that the company is giving up on BEVs (battery electric vehicles).” According to industry insiders, this adjustment is partly due to changes in electric vehicle-related policies in places such as the United States and Europe. For example, the US federal tax credit of $7,500 for new electric vehicles has been canceled; the European Union has withdrawn its earlier guideline to effectively ban the sale of new internal combustion engine vehicles by 2035. On the other hand, there is also intensifying market competition, especially as Chinese brands hold a clear advantage over Japanese carmakers in the new energy sector.
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