Home » Greencarreports » Does Toyota’s plan to convert engine plants into battery factories signal a stronger EV shift?

News aggregator on electric cars and electric vehicles (cars, motorcycles, boats, planes).

Does Toyota’s plan to convert engine plants into battery factories signal a stronger EV shift?

By greencarreports.com 09/02/2022 - 17:45 09/02/2022 Greencarreports

Earlier this week, Toyota announced a $5.6 billion investment plan to produce batteries for fully electric vehicles in Japan and the U.S. That includes a $2.5 billion expansion of a North Carolina battery factory barely under construction, adding capacity for EV batteries and very likely suggesting a future commitment to U.S.-built electric… More…