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Published 2 months ago

Toyota's Ted Ogawa: Better to buy credits than ‘waste' EV investment

Summary by Ground News
Toyota CEO Ted Ogawa says he believes EVs will only make up 30% of the US new-vehicle market in 2030. Currently, the company is building a $13.9 million battery complex in North Carolina to be used in its EVs and hybrids sold in North America. Since 2021, Toyota has invested about $17 billion into its US manufacturing operations.

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