New Toyota Electric SUV
New Toyota Electric SUV
Toyota is investing in vehicle electrification and battery production in the U.S. to reduce its carbon emissions and meet customer needs. The company announced that it will assemble a new battery electric SUV at its Kentucky plant and produce batteries at its North Carolina plant.
The new SUV will be Toyota’s first U.S.-assembled battery electric vehicle and will be powered by batteries from Toyota North Carolina. The battery plant, which is under construction, will receive an additional $2.1 billion investment to support future expansion. The SUV and the batteries are expected to be ready by 2025.
Toyota is a leader in electrified vehicles, with more than 23 million hybrids, plug-in hybrids, fuel cell electric and battery electric vehicles on the road globally. The company offers 22 electrified vehicle options in the U.S. and plans to have an electrified option for every model by 2025. Toyota has invested more than $8 billion in its U.S. manufacturing operations over the last two years to support its product electrification efforts.