Toyota is aiming to have seven electric vehicle (EV) models available at U.S. dealerships by mid-2027, as part of its broader push to expand its presence in the American EV market.
The company announced plans to produce two new fully electric models in the United States next year, in addition to its current EV lineup. These new models are expected to support Toyota’s global commitment to offer an electric variant of every model it manufactures by the end of this year.
Toyota, which typically avoids adding new models to its production lineup unless it is confident in annual sales of at least 100,000 to 150,000 units, forecasts a slow but steady growth in EV sales in the U.S. market.
At the same time, faster adoption in overseas markets is expected to provide an outlet for any excess U.S. production. However, trade tensions could complicate matters if former President Donald Trump, who is seeking re-election, reintroduces tariffs that could spark retaliatory trade wars.
A battery plant recently opened in Liberty, North Carolina, will supply cells for the two U.S.-built EV models. Once fully operational—expected by 2034—the facility will have the capacity to produce battery output equivalent to 800,000 hybrid vehicles, 150,000 plug-in hybrids, and 300,000 fully electric vehicles annually.
According to Kelley Blue Book from Cox Automotive, total EV sales in the U.S. rose by 7.3 percent last year, reaching approximately 1.3 million units. However, despite rapid growth in hybrid sales, Toyota sold fewer than 30,000 fully electric vehicles in the U.S. in 2024.
Source: Bloomberght/ Prepared by: İlayda Gök