"Today's announcement reflects our commitment to vehicle electrification and further reinvesting in our US operations," said Kerry Creech, president of Toyota Kentucky.
Following Koji's appointment as CEO, Toyota published a roadmap laying out how it plans to sell 3.5 million EVs by 2030, which depends upon a range of different battery chemistries, including cheaper lithium iron phosphate cells for some applications, faster-charging lithium-ion chemistries for others, and a relative handful of cars powered by solid state batteries, assuming that technology pans out.
Building its three-row EV in Kentucky (and the batteries in North Carolina) should mean the forthcoming Toyota will be eligible for the IRS clean vehicle tax credit when it goes into production next year.
#toyota #georgetown #kentucky #factory-investment #vehicle-electrification #battery-pack-assembly-line #automaker #evs #roadmap #battery-chemistries #solid-state-batteries #hybrid-evs #fleet-emissions-targets #tax-credit
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