Sept 6 Reuters Japan39;s Toyota Motor has reportedly slashed its electric vehicle production plans for 2026 by a third, the latest automaker to roll back EV plans amid slowing demand.

The global sales of EVs either fully electric or plugin hybrid rose 20 in the first half of 2024, slower than expected, data from market research firm Rho Motion showed. Europe saw only 1 growth in the same period.

Sales of hybrid electric cars, seen as a more affordable compromise between allcombustion and allelectric, have meanwhile increased.

These carmakers have recently tempered their expectations in chronological order starting with the most recent

TOYOTA 

The world39;s biggest automaker plans to build 1 million EVs in 2026, compared with its earlier announced sales target of 1.5 million, the Nikkei business daily reported on Sept. 6.

Toyota said in a statement there was no change to its intention to produce 1.5 million EVs per year by 2026 and 3.5 million by 2030. It said, however, that the figures were not targets but benchmarks for shareholders.

VOLVO CARS 

The Swedish automaker scrapped on Sept. 4 its target of going all electric by 2030 and said it expected to still be offering some hybrid models at that time.

It aims for 90100 of cars sold by 2030 to be pure EVs or plugin hybrids, while up to 10 would be socalled mild hybrids.

VOLKSWAGEN 

Europe39;s biggest automaker by sales hasn39;t changed its 2030 targets for EVs to make up 70 of sales in Europe and 50 in the…