Toyota Motor is evaluating an expansion of its U.S. truck lineup that could include all-electric or plug-in hybrid electric versions of its Tacoma and Tundra pickups, an executive told CNBC.
Toyota is one of several automakers reassessing its product portfolio amid slower-than-excepted adoption of electric vehicles and in light of the Biden administration's revised emissions rules.is evaluating an expansion of its U.S. truck lineup that could include all-electric or plug-in hybrid electric versions of its Tacoma and Tundra pickups.
There are currently five all-electric pickup trucks on sale in the U.S., but they remain priced more so as luxury vehicles than mass-market models. Their prices range from $50,000 to easily more than $100,000, and sales of the vehicles have largely slowed after automakers rushed all-electric pickups to market.on Wednesday the company is reevaluating its plans to exclusively produce all-electric vehicles at a new plant under construction in Georgia.