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Toyota Invests $1 Billion in U.S. Plants for EVs

3/23/2026

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Story summary
  • Toyota Motor Corporation announced on March 23, 2026 that it will invest $1 billion in its Kentucky and Indiana plants.
  • The investment is part of a broader $10 billion commitment to United States operations over five years.
  • Georgetown, Kentucky, will receive $800 million to prepare for electric vehicle production.
  • Indiana will receive $200 million to increase Grand Highlander SUV capacity.
  • Toyota will contribute $4 million to STEM education in Kentucky.