Toyota, the world’s largest automaker, has stepped back on its ambitious electric vehicle (EV) targets, trimming its 2026 production goals by a third. Originally aiming to roll out 1.5 million EVs by that year, the company has lowered the bar to one million units. According to Nikkei, this move is a response to the global EV market slowdown, a trend that’s hit other major players too. Volvo, Volkswagen and Ford have all recently scaled back their EV plans as sales in the electric vehicle sector soften. While still set to expand its EV lineup, Toyota is adjusting to the reality that growth won’…