Toyota's luxury brand, Lexus, has made a surprising decision to cancel its highly anticipated flagship electric vehicle (EV), a move that reflects a broader shift in the company's strategy. Sources close to the matter indicate that Toyota is scaling back its ambitious plans for electric vehicle production, citing concerns over battery costs and technological advancements. The cancellation of the flagship EV is seen as a significant blow to the brand's efforts to establish itself as a leader in the EV market, and raises questions about the future of Lexus's electrification plans. As the automotive industry continues to grapple with the challenges of electrification, Toyota's decision to dial back its EV ambitions may have far-reaching implications for the sector as a whole.
Lexus scraps its futuristic flagship EV as Toyota scales back big electric plans Yahoo Autos
