The first of Lexus' next-generation EVs is now thought to be arriving in 2027.
The EVs were previewed with concepts at the 2023 Tokyo auto showThe reported reason for the longer development time is to enable the introduction of more advanced technologies.The next-gen EVs are set to take advantage of a new modular platform that will also be used by Toyota.
Toyota and Lexus may also be delaying the launch of the new EVs due to many buyers choosing hybrids and plug-in hybrids over EVs. Growth in EV demand has slowed this year, while hybrid demand has risen, leading Toyota to explore the possibility of turning all of its. Last year, Toyota sold around 11.2 million vehicles globally, a third of which were hybrids, and less than one percent were EVs. The proportion of hybrids is expected to be even higher in 2024.
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