Toyota to Invest $5.3B in US Manufacturing, $2.5B in NC
,” the company has made significant steps towards its stated goal of becoming fully carbon neutral by 2050. Part of that plan involves electric and“For over 30 years, Toyota has been innovating and investing in technology to reduce vehicle emissions and achieve carbon reductions,” said Chris Reynolds, chief administrative officer, Toyota Motor North America.
I, for one, believe that the latest version of the Inflation Reduction Act, which grants eligibility for the full $7500 EV tax credit to vehicles with batteries larger than 7 kWh was written specifically to favor Toyota, which has a factory in Senator Joe Manchin’s home state of West Virginia . We talked about that in one of the recent CleanTech Round Talk espisodes of the CleanTech Talk podcast, which I’ve included, below.
Give it a listen, then let us know what you think of Toyota’s big investment into North Carolina in the comments section at the bottom of the page.
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