Toyota plans for a second US-made EV after the 3-row Highlander
Why it matters: Toyota's increased US EV investment accelerates its energy transition and intensifies market competition.
- Toyota is investing an additional $1 billion to upgrade two facilities, with $800 million specifically for its Kentucky plant.
- Kentucky's plant will be responsible for building Toyota's second US-made EV, expanding its domestic electric vehicle production.
- This new EV will follow the previously announced three-row Highlander, indicating a growing portfolio of US-produced electric vehicles from Toyota.
Toyota is investing an additional $1 billion to expand its U.S. EV manufacturing capabilities, with $800 million earmarked for its Kentucky plant to produce a second electric vehicle. This move signals Toyota's accelerated commitment to the North American EV market, following its initial plans for a three-row Highlander EV.
