Lexus is ready to sell a million EVs — but how to build them?

The Lexus RZ electric crossover kicks off the brand’s next phase of electrification, which will require more flexible production. (AUTOMOTIVE NEWS ILLUSTRATION)

April 25, 2022 04:00 AM

TOYOTA CITY, Japan — Lexus, which sold fewer than 6,000 electric vehicles worldwide last year, says it will be ready to make 1 million EVs annually by 2030, a mere eight years from now.

Featured Stories

Ford offering employee pricing for all customers amid tariff fears

MSRP and dealers and finance, oh my! Why tariff price impacts may vary

Vehicles, certain auto parts are exempt from reciprocal tariffs, White House says

VW plans import fee on window sticker as tariffs loom, halts vehicle shipments via rail from Mexico to U.S., memo says

Latest News

Electrified gasoline engines may be the powertrain of the future

Ford offering employee pricing for all customers amid tariff fears

Nissan eyes Murano, Pathfinder, Infiniti QX60 for hybrid tech

Ex-Toyota dealer wins $550,000 from N.H. city after spending millions on 18-year legal dispute

Staying current is easy with newsletters delivered straight to your inbox.

See More in Manufacturing

MSRP and dealers and finance, oh my! Why tariff price impacts may vary

Live updates on tariffs: Autos not part of reciprocal duties

Trump keeps Canadian auto in tariff crosshairs, despite announcing no other duties

Vehicles, certain auto parts are exempt from reciprocal tariffs, White House says

Staying current is easy with newsletters delivered straight to your inbox.