Toyota is investing $1.3 billion in its Kentucky plant to support the production of EVs.
Toyota is pumping $1.3 billion into its factory in Kentucky for “future electrification efforts,” including the production of a currently unnamed three-row electric SUV for the US market. The news comes as a bit of a surprise, as the largest automaker in the world is also one of the most hostile toward the industry-wide shift to EVs.
Toyota says the money will fund an EV assembly line at its Kentucky plant, as well as battery pack assembly with EV batteries supplied by its facility in North Carolina. The company has said it would invest a total of $17 billion in its US operations to support the shift to EVs.
Of course, this may come as cold comfort to environmentalists, who have been battling the automaker for years over its anti-EV…