Overview

• Toyota has pushed back production of a three-row electric SUV at its Georgetown, Kentucky plant from early 2026 to late 2026.
• A plug-in electric model originally slated for Toyota’s Princeton, Indiana assembly will now begin US production in Kentucky in 2028.
• The capacity freed by these EV delays will be dedicated to the Grand Highlander, which sold 11,577 units in June and ended the month with just a three-day dealer supply.
• US deliveries of Toyota all-electric vehicles fell below 30,000 in 2024 while hybrid and conventional SUV sales surged, highlighting cooling EV uptake.
• The potential expiration of federal EV tax credits has reinforced Toyota’s shift toward higher-volume, profitable gasoline and hybrid SUV manufacturing.