Electric vehiclesAutomaker to focus on more popular SUVs amid global EV slumpDevelopment will be halted on a mass-production version of the Lexus LF-ZC sedan. (Photo by Yuki Nakao)Nikkei staff writersMay 29, 2026 02:14 JSTUpdated on May 29, 2026 02:31 JSTNAGOYA, 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.