Mike Mozart
According to Toyota, the investment will result in the creation of more than 250 job opportunities at manufacturing facilities located in West Virginia, Kentucky, Mississippi, Tennessee, and Missouri.
Experts suggest that this move signals the growing dominance of hybrid vehicles in US sales. They point out that consumer interest in electric vehicles has been affected by rising prices, especially as tax incentives for these vehicles are set to expire.
In the US, Toyota offers only hybrid versions of its RAV4 compact crossover and Camry sedan, due to strong consumer demand for vehicles that provide extended range.
Approximately 76% of the Toyota vehicles sold in North America are produced at facilities located in the United States.
source: bloomberg.com
Experts suggest that this move signals the growing dominance of hybrid vehicles in US sales. They point out that consumer interest in electric vehicles has been affected by rising prices, especially as tax incentives for these vehicles are set to expire.
In the US, Toyota offers only hybrid versions of its RAV4 compact crossover and Camry sedan, due to strong consumer demand for vehicles that provide extended range.
Approximately 76% of the Toyota vehicles sold in North America are produced at facilities located in the United States.
source: bloomberg.com