Add Listing
Homepage
Blog
Toyota ups investment in Kentucky plant set to make 3-row electric SUV
Toyota ups investment in Kentucky plant set to make 3-row electric SUV

Toyota ups investment in Kentucky plant set to make 3-row electric SUV

Stephen Edelstein
February 7, 2024
0 Comments
Electric Cars

Toyota on Tuesday announced an additional $1.3 billion investment in its Georgetown, Kentucky, assembly plant to prepare for production of a 3-row electric SUV.

This additional money, which brings the plant’s total investment to nearly $10 billion, “supports the previously announced future BEV assembly at Toyota Kentucky,” according to a company press release. It also adds a battery pack assembly line to the facility, with batteries to be supplied from a Toyota facility currently under construction in North Carolina.

Powered By
00:18/01:34
10 Sec
143.2K
21
Toyota Prius overview
.clsx-1{isolation:isolate;}.clsx-2{fill:#ff3e5f;}.clsx-3{fill:#fff;}
Next
Stay

Toyota Land Cruiser Se concept

Toyota Land Cruiser Se concept

Toyota announced last May that it plans to assemble the 3-row SUV at the Kentucky plant, which currently builds Camry sedans and RAV4 crossovers, starting in 2025. To support that, Toyota has entered a “long-term” battery supply agreement with LG. And last October Toyota showed a Land Cruiser Se concept that may preview the upcoming model.

A U.S.-assembled EV also serves Toyota’s “commitment to building where we sell,” the release said. Toyota’s only current battery-electric models for the U.S. include the bZ4X and the related Lexus RZ—neither of which is assembled domestically.

Toyota Motor Manufacturing Kentucky

Toyota Motor Manufacturing Kentucky

That said, it’s a confusing focus of funds, as Toyota has continued to argue that it can make a bigger difference in overall emissions by emphasizing hybrids. While the automaker has said that numerous all-electric models are on the way, it has resisted going all-in on EVs.

Toyota president Akio Toyoda recently said that EVs won’t top 30% market share, and that he wanted a new line of combustion engines. However, Toyota’s previously discussed EV production targets run counter to that. The automaker has said it aims to sell 1.5 million EVs globally by 2026 and 3.5 million by 2030. At Toyota’s current production volumes, that would work out to 40% EVs by 2030.

Electric Cars

Add a comment

Your email address will not be published. Required fields are marked *

Categories

Recent Posts
Electrify America EV charging network set to grow by 25% in 2024 Read more
Tesla cancels cheapest Model Y, adds Long Range version
Tesla cancels cheapest Model Y, adds Long Range version Read more
Report: GM's Cadillac might not go all-EV by 2030 after all Read more
Review: 2024 Acura ZDX Type S keeps first EV mostly on-brand
Review: 2024 Acura ZDX Type S keeps first EV mostly on-brand Read more
Read All Posts

About us

John Hendricks
Blog Editor
We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods..
Popular Tags
battery car carbon emissions Car industry Cars charging station China climate change CO2 emissions Diesel car e-mobility Electric electric car Electric Cars Elon Musk Europe European Union EVs Fossil fuels France Fuel cell electric vehicles FCEV Germany Green transportation Hanoi Housing market Hybrid Hybrids Lithium Mercedes-Benz Mobility Pollution premium road Road safety Road transport self-driving Sustainability Sustainable innovation Sustainable technology Tax Technology Tesla Transport vehicle Vietnam

Related posts

AutosEU
With a market presence in 9 countries AutosEU is an important part of the entire EU alternative mobility industry. AutosEU empowers people to drive their dreams by making the buying experience more simple, efficient and stress-free.
+420 773 969 126
[email protected]
Náměstí I. P. Pavlova 1785/3, Nové Město, 120 00 Praha, CZ IČO: 09652914 VAT Number: CZ09652914
Copyright © 2023. All rights reserved.