NEW YORK — Toyota Motor is evaluating an growth of its U.S. truck lineup that would embody all-electric or plug-in hybrid electrical variations of its Tacoma and Tundra pickups.

Jack Hollis, govt vp of Toyota Motor North America, mentioned the Japanese automaker is assessing its choices to find out what makes essentially the most sense based mostly on anticipated buyer demand and tightening federal emissions and gasoline financial system rules.

“I do assume there’s room to develop our total truck footprint. Whether or not it’s Tundra, Tacoma or one thing else along with the lineup,” Hollis advised CNBC on Tuesday in the course of the New York Auto Discussion board convention. “Whether or not that is a compact or one thing else, I believe it is necessary for us to proceed to see what the shoppers are in search of.”

Toyota has beforehand mentioned a broad lineup of battery-electric autos, or BEVs, together with a midsize pickup mannequin just like the segment-leading Tacoma. The newest conversations have launched the potential for plug-in hybrid autos, or PHEVs.

Toyota earlier this yr mentioned it could make investments $1.3 billion in a Kentucky plant to supply a brand new all-electric, three-row SUV for the U.S. market. The automaker’s Thailand president this week confirmed Toyota will produce a BEV of its small Hilux pickup for international markets, in response to Reuters.

Hollis mentioned the electrical Hilux is “very cool.” He declined to invest whether or not Toyota might convey that automobile to the U.S.

He confirmed, nonetheless, that the corporate is “trying into each” BEV and PHEV variations of the Tacoma and full-size Tundra. The Tundra was final redesigned for the 2022 mannequin yr, adopted by Tacoma final yr.

“We’re within the analysis of each. There are the reason why a BEV can work and there is a motive why PHEV can work,” he mentioned, in posing the query, “What’s the perfect mixture of these based mostly upon every of these two vehicles and even for 4Runner or Sequoia [SUVs]?”

There are at present 5 all-electric pickup vehicles on sale within the U.S., however they continue to be priced extra in order luxurious autos than mass-market fashions. Their costs vary from $50,000 to simply greater than $100,000, and gross sales of the autos have largely slowed after automakers rushed all-electric pickups to market.

There should not any plug-in hybrid electrical pickups at present on sale within the U.S. Stellantis’ Ram model is anticipated to launch an “extended-range” plug-in automobile with an electrical generator powering an engine later this yr.

Toyota is considered one of a number of automakers reassessing its product portfolio amid slower-than-excepted adoption of EVs, and in gentle of the Biden administration’s revised emissions guidelines that goal to higher bear in mind hybrid and plug-in hybrid electrical autos.

José Muñoz, Hyundai president and international chief working officer, advised CNBC on Wednesday the corporate is reevaluating its plans to completely produce all-electric autos at a brand new plant underneath building in Georgia.

“Every part is on the desk,” Muñoz mentioned. “We’ll modify to the market demand and, in the meanwhile, we’re on monitor for what the regulators are requesting.”