NAGOYA, Japan -- Toyota Motor will discontinue development of a Lexus next-generation electric vehicle, Nikkei has learned, instead focusing on developing SUVs and other vehicles amid a global slump in EV sales.
Automaker to focus on more popular SUVs amid global EV slump

Development will be halted on a mass-production version of the Lexus LF-ZC sedan. (Photo by Yuki Nakao)
NAGOYA, Japan -- Toyota Motor will discontinue development of a Lexus next-generation electric vehicle, Nikkei has learned, instead focusing on developing SUVs and other vehicles amid a global slump in EV sales.