Toyota Motor Corporation (TM) has significantly reduced its electric vehicle (EV) production target for 2026 by 30% due to slower global EV adoption, per Nikkei. It now plans to produce one million EVs in 2026, a sharp reduction from earlier projections. For 2025, Toyota's new EV production goal is 400,000 units.Despite the adjustments, the automaker still aims to produce 1.5 million EVs annually by 2026 and 3.5 million by 2030. However, these figures are benchmarks rather than strict targets for shareholde ...