announced that it will be making an $8 billion investment that will create jobs at the company’s battery plant in North Carolina.These additional monies will greatly expand the number of battery production lines dedicated to electric vehicles and plug-in hybrids from just two lines to ten, as well as an additional four lines for hybrid vehicles.
With the increased amount of production lines, Toyota seeks to add 3,000 more workers, boosting the total number of anticipated jobs at this factory to around 5,000 people. “Today’s announcement reinforces Toyota’s commitment to electrification and carbon reduction, bringing jobs and future economic growth to the region,” said Toyota North Carolina president Sean Suggs. “We are excited to see the continued energy and support of this innovative manufacturing facility.”
As the rules around the Federal EV tax credits dictate how much of an EV's parts need to be made in North America in order for buyers to qualify for the $7,500 tax credit, Toyota noted in its announcement that the North Carolina facility will be “the company’s epicenter of lithium-ion battery production in North America.” Batteries made at this factory will be used in future Toyota and Subaru-badged vehicles.