The new plant, in an as-yet unannounced U.S. location, will create an expected 1,750 new jobs By Ryan Secard Industry Week Hybrid vehicle pioneer Toyota Motors announced Monday it would spend $3.4 billion on vehicle batteries in the United States through 2030, with at least $1.2 billion towards a new battery factory in the United States. Toyota Motor North America anticipates the factory will create about 1,750 new U.S. jobs. According to the October 18 release, the factory will be run by a new company formed in combination with Toyota Tsusho, a parts supplier and Toyota subsidiary. In addition to running the factory, Toyota will task the new company with developing Toyota’s local supply chain for lithium batteries for cars and trucks. The first batteries produced at the new U.S. factory will be used in Toyota battery hybrid vehicles, the company said. The new factory will help reduce emissions and “help usher in more affordable electrified vehicles” for the U.S. market, said Toyota Motor North America CEO Ted Ogawa. Ogawa also noted the factory would “create even more American jobs tied to the future of mobility.” In Monday’s statement, Toyota said it has sold 18.7 million hybrid, plug-in hybrid, fuel cell, and battery electric vehicles worldwide, including 4.5 million in the U.S. Such vehicles currently make up slightly less than a quarter of Toyota’s sales, but the company said it expects that share to rise to 70% by 2030. The company also said it expects to expand its lineup of “electrified” vehicles from 55 models to 70 models by 2025. Notably for Toyota, 15 of the models will be fully battery-electric vehicles. Read the full environmental news story here If you liked this post you’ll love our daily newsletter, EnviroPolitics. It’s packed with the latest news, commentary, and legislative updates from New Jersey, Pennsylvania, New York, Delaware…and beyond. Don’t take our word for it, try it free for an entire month. No obligation.