Its all fun and games, Toyota is behind the 8ball on EVs, only...

Its all fun and games, Toyota is behind the 8ball on EVs, only catching up, until then they need to play the game.

GEORGETOWN, Ky. (Feb. 6, 2024) – Toyota announced a $1.3 billion investment at its flagship Kentucky facility for future electrification efforts including assembly of an all-new, three row battery electric SUV for the U.S. market. The project brings the plant’s total investment to nearly $10 billion and reinforces Toyota’s commitment to high-quality vehicles and long-term job stability.

And few months later...

"Toyota today revealed its next-generation battery electric vehicle production line and several new technologies in Japan. The new demonstration line could herald a new era of manufacturing for the Japanese auto giant, as it aims to catch up with its American and European rivals in the EV race."

"The brand also released an image of its solid-state battery development line. Toyota appears to be at an advanced stage of solid-state battery development and promised in June 2023 that its breakthrough will lead to a solid-state battery capable of delivering 745 miles range and recharge in just 10 minutes.

It aims to bring its solid-state batteries to market by 2027-2028.Under CEO Koji Sato, Toyota aims to launch 10 new EVs by 2026, with a target of selling 1.5 million EVs annually thereafter. The plan includes a three-row electric SUV that will be assembled in the US, at the brand’s manufacturing plant in Georgetown Kentucky. It is also investing an additional $2.1 billion at its North Carolina battery plant."