November 4, 2021,
The future is now and it is making for a great present.
Decades ago, the thought of having a fully functioning electric car was the lore of Science Fiction movies. How glad we are that it is a present day reality.
It can be powered by a collector system, with electricity from extravehicular sources, or it can be powered autonomously by a battery (sometimes charged by solar panels, or by converting fuel to electricity using fuel cells or a generator).
EVs release no tailpipe air pollutants and the carbon emissions from producing and operating an EV are typically less than those of producing and operating a conventional vehicle.
Getting drivers of conventional gas powered vehicles to switch is still a challenge.
The team at courant.com shared, “What’s stopping average drivers from making the switch? Among the top impediments are a lack of public charging stations and the high price of EVs relative to conventional gas-powered ones.”
That is a true concern. Part of the challenge is the average person probably doesn’t know where electrical vehicles stations are. It’s not like gas stations, which are practically on every corner in commercial areas of shopping.
The encouraging news is state leaders have been laying the groundwork for broad EV adoption since at least 2013, when Connecticut joined what is now a nine-state agreement to deploy 3.3 million zero-emissions vehicles by 2025.
As you might guess, as the technology and manufacturing on electric vehicles continues to improve, this still futuristic industry is making news.
As reported on Monday October 18, 2021, by cnbc.com, “Ford announced Monday that it intends to spend $315 million (£230 million) transforming a factory in northwest England into a site that will make components for electric vehicles.”
This thinking appears to be trending among large auto manufacturers. One that has caught our eye with their stylistic vehicles and efficiency is Toyota. They are heavily investing in the electric auto industry.
Yes, the future is now.
Toyota Charges into Electrified Future in the U.S. with 10-year, $3.4 billion Investment
Investment to bring new American plant, production, jobs with focus on carbon neutrality
News provided by
Oct 18, 2021, 06:00 ET
PLANO, Texas, Oct. 18, 2021 /PRNewswire/ — Toyota announced today that it will invest approximately $3.4 billion (380 billion yen) in automotive batteries in the United States through 2030. Specifically, the investment is for developing and localizing automotive battery production, including those for battery electric vehicles, and is part of the global total of approx. $13.5 billion (1.5 trillion yen) set aside for investment in battery development and production announced last month by Toyota Motor Corporation.
To drive battery production localization, Toyota Motor North America also announced today that it will establish a new company and build an automotive battery plant together with Toyota Tsusho in the U.S. Aiming to start production in 2025, the project includes an investment of approximately $1.29 billion until 2031, which includes funds that will be used to develop land and build facilities, resulting in the creation of 1,750 new American jobs.
“Toyota’s commitment to electrification is about achieving long-term sustainability for the environment, American jobs and consumers,” said Ted Ogawa, Chief Executive Officer, Toyota Motor North America. “This investment will help usher in more affordable electrified vehicles for U.S. consumers, significantly reduce carbon emissions, and importantly, create even more American jobs tied to the future of mobility.”
Part of the new company’s activities will include helping Toyota to further develop and expand its local supply chain and production knowledge related to Lithium-ion automotive batteries. The venture will first focus on producing batteries for hybrid electric vehicles. Additionally, the move is expected to help further the company’s goals to create a net positive impact on the planet and society, including advancing its efforts towards carbon neutrality in a sustainable and practical way. Further details of the project, including details on a site, production capacity, business structure, etc. will be shared at a future time.
Quick facts about Toyota’s electrification efforts:
- Cumulatively, Toyota has sold more than 18.7 million electrified vehicles, including over 4.5 million in the U.S.
- While electrified vehicles already account for nearly 25 percent of Toyota’s U.S. sales volume, that number is expected to rise to nearly 70 percent by 2030.
- To meet the growing demand, Toyota continues to steadily expand its lineup of electrified vehicles, including hybrid (HEV), plug-in hybrid (PHEV), fuel cell (FCEV) and battery electric vehicles (BEV), from 55 models today to about 70 models by 2025.
- Of the 70 models, 15 will be BEVs, including seven Toyota bZ (Beyond Zero) models.
- By 2030, Toyota expects to sell two million zero emission vehicles (BEVs and FCEVs) globally, and in the U.S., the company expects to sell between 1.5 million to 1.8 million electrified vehicles, including ZEV models.
Toyota (NYSE: TM) has been a part of the cultural fabric in the U.S. for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships.
Toyota has created a tremendous value chain and directly employs more than 36,000 in the U.S. The company has contributed world-class design, engineering, and assembly of more than 30 million cars and trucks at our 9 manufacturing plants, 10 including our joint venture in Alabama that began production in September 2021.
To help inspire the next generation for a career in STEM-based fields, including mobility, Toyota launched its virtual education hub at www.TourToyota.com with an immersive experience and chance to visit many of our U.S. manufacturing facilities. The hub also includes a series of free STEM-based lessons and curriculum through Toyota USA Foundation partners, virtual field trips and more. For more information about Toyota, visit www.toyotanewsroom.com.
SOURCE Toyota Motor North America
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