Does Toyota’s plan to convert engine plants into battery factories signal a stronger EV shift?

does-toyota’s-plan-to-convert-engine-plants-into-battery-factories-signal-a-stronger-ev-shift?

Planned Toyota electric vehicle lineupEarlier this week, Toyota announced a $5.6 billion investment plan to produce batteries for fully electric vehicles in Japan and the U.S. That includes a $2.5 billion expansion of a North Carolina battery factory barely under construction, adding capacity for EV batteries and very likely suggesting a future commitment to U.S.-built electric…