Toyota Will Invest $800 Million To Build A Second EV In The U.S. What Could It Be?

"Toyota will invest $1 billion across its Kentucky and Indiana plants to boost domestic production, with much of it going towards EVs. Of that $1 billion, $800 million will go toward the Georgetown, Kentucky, plant to manufacture a second EV domestically, while also ramping up production of the Camry and RAV4."

"The first EV destined for Kentucky is the upcoming three-row electric Highlander, which will become an EV-only nameplate going forward, after production of the current gasoline Highlander ends this year."

"Toyota's upcoming U.S.-made EVs will be based on the RAV4 and Land Cruiser, with the automaker showcasing the Land Cruiser Se concept, a three-row electric SUV with unibody construction and off-road capabilities."

Toyota is investing $1 billion in its Kentucky and Indiana plants to enhance U.S. production, particularly for electric vehicles. The Georgetown, Kentucky plant will receive $800 million to manufacture a second EV, while also increasing production of the Camry and RAV4. The Princeton, Indiana plant will get $200 million to expand Grand Highlander production. The first EV will be the electric Highlander, transitioning from gasoline. Future models may include a three-row electric SUV based on the RAV4 or Land Cruiser, or a Lexus variant.

Read at insideevs.com