Toyota Advances Commitment to Vehicle Electrification

Toyota North America ranked No. 4 on the Fair360 2023 Top 50 Companies for Diversity list.


Toyota has advanced its commitment to vehicle electrification with new announcements, including the launch of a three-row, battery electric SUV and a $2.1 billion battery plant investment.

“We are committed to reducing carbon emissions as much as possible and as soon as possible,” said Ted Ogawa, President and Chief Executive Officer of Toyota North America. “To achieve this goal, customers must have access to a portfolio of options that meet their needs now and in the future. It is exciting to see our largest U.S. plant, Toyota Kentucky, and our newest plant, Toyota North Carolina, drive us into the future together with BEV and battery production for our expanding electrified lineup.”

The SUV is the company’s first U.S.-assembled battery electric vehicle (BEV), with assembly starting at Toyota Kentucky in 2025 and powered by batteries from Toyota North Carolina.

The battery plant is currently under construction and will support the company’s drive toward carbon neutrality with this additional $2.1 million investment.