Toyota Motor is investing $1.3 billion in a Kentucky plant to supply a brand new all-electric, three-row SUV for the U.S. market, the corporate stated Tuesday.

The automobile is predicted to enter manufacturing between late 2025 and early 2026, in accordance with an organization spokeswoman. It’s a part of beforehand introduced plans by the Japanese automaker to speculate $35 billion in battery-electric automobiles, or BEVs, by means of 2030.

An organization spokesperson declined to offer further particulars for the upcoming automobile, which can probably compete with present automobiles such because the Rivian R1S and Kia EV9.

The announcement comes as shopper adoption for EVs has been slower than many anticipated, inflicting some automakers to delay or reduce funding plans for all-electric automobiles.

Toyota, the world’s largest automaker, is among the many most outstanding automakers to say that whereas EVs are an answer to succeed in carbon neutrality, they don’t seem to be the one one. The automaker continues to spend money on hybrids, plug-in hybrid automobiles and different applied sciences similar to hydrogen gasoline cells.

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