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Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV

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Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV

#61
post #56

Globalization is rolling back. It's about to be boom times in America as long as the politicians from all parties can actually move from one troth to another and actually pass bills.

Seems to be almost daily news stories about huge capital investment in manufacturing in the US, a couple billion here, a couple billion there. Was I just blind to these 5-10 years ago?

Inflation reduction act

Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV

#62

Earlier quoted context omitted.

Toyota initiated the hybrid as a modern platform, and they continue make the best selling hybrid in the world (Prius). But since they don't want to be in the business of making undesirable vehicles with short lifespans that require expensive maintenance, they have stuck to hybrids rather than full electric and all the extremely costly low lifespan batteries that go into them. Speaking as a 2004 Prius daily driver, th…

You aren't more environmentally friendly, in less than 2 years an EV is net positive https://www.tesla.com/impact (see page 22) And that's not even mentioning that in 20 years we won't be mining materials out of the ground anymore, will just be recycling existing battery materials

OP continuing to drive a 20-year-old car (of any kind, not just a hybrid) is likely more environmentally friendly than buying a new car every few years. They're doing the reduce part of "reduce, reuse, recycle." A long-lasting, low-maintenance hybrid has a good argument for being very environmentally friendly.

Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV

#63
post #17

On the bright side, some manufacturing jobs brought state side. On the other hand, it’s in KY. These multibillion dollar deals tend to land in states with the lowest cost of living, non-educated workforce, minimal enforcement/respect of environment (dump waste into rivers), and tend to be subsidized at the state and local levels. Apple opened up shop outside of Austin (ie, not Travis County) because of lower taxes an…

State environmental laws can be more restrictive than the Federal but not less, so if anyone is dumping into waterways the EPA can go after them.

Don't know of many waterways that are solely in one state so the EPA automatically has jurisdiction as well.

What is it that you are purposing? That companies don't go to states with low cost of living?

The idea that "it's KY" is bigoted. They are people, just like anyone else. We don't tolerate it when others are dismissive of people based on their race and we should not be tolerant of the attitude based on where they live either.

Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV

#64
post #26

I am curious about what vehicles these will be for. When Toyota says “EVs” they often mean hybrids. The article makes this distinction, but Toyota didn’t in any statements.

In the US, some PHEVs with relatively small batteries can qualify for the full $7,500 tax credit.

You might be on to something there. It would certainly explain the size of the investment. A $1.3B plant might not build a lot of EVs, but it could build quite a few PHEVs.

Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV

#65

Earlier quoted context omitted.

I'm left of Bernie and voted for Biden but I tend to not like takes like this. Is there a specific policy that he championed that is responsible for this? To me, it's like when people cheer a 'record stock market' as an example of a president's abilities, but fail to mention every single modern president has had a record stock market at some point in their term.

Yeah, the Inflation Reduction Act. https://www.orrick.com/en/Insights/2022/11/Section-45X-of-th... More generally, the IRA and the Infrastructure Investment and Jobs Act https://en.wikipedia.org/wiki/Infrastructure_Investment_and_... https://www2.deloitte.com/us/en/insights/industry/manufactur... There's also the CHIPS act. By the way, anyone active in the green tech space knows that the IRA has been an absolute game…

Wonderful! Thanks.

Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV

#66
post #12

Earlier quoted context omitted.

I'm not sure if I agree, tbh. You've certainly brought up some good cases of failures, but what about: Tesla in Sparks NV, BMW in Greer SC, or Mercedes in Alabama and SC? It seems like those have more than paid for themselves by now. In at least one of those cases, they've had huge regional impacts.

> Tesla in Sparks NV Ironically, you go to the website and there's a fake image of the factory, based on previous promises. I can't speak to the others, but I'm sure there's some positive outliers!

Why assume they are outliers? It seems like there are more successes than failures, just that the failures get attention.

Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV

#67

Earlier quoted context omitted.

What about Toyota's plans makes you think they will ever catch up to everyone else with EVs?

Toyota has probably shipped more battery capacity in hybrid cars than most EV manufacturers to date. They don't need to catch up to anything.

5 million prius * 14 kWhr 5 million tesla * 50 kWhr

This is probably true, hybrids may win in the US market in the short term until they are outlawed?

Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV

#68

Globalization is rolling back. It's about to be boom times in America as long as the politicians from all parties can actually move from one troth to another and actually pass bills.

Not convinced: Not enough workers with the appropriate expertise to outmatch China and there is no appetite to import more people from either side of the aisle (despite what you might hear in the news).

>But people might be more happy walking, biking, etc.

No scenario where division does not increase especially after this upcoming election.

Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV

#69
post #62

Earlier quoted context omitted.

You aren't more environmentally friendly, in less than 2 years an EV is net positive https://www.tesla.com/impact (see page 22) And that's not even mentioning that in 20 years we won't be mining materials out of the ground anymore, will just be recycling existing battery materials

OP continuing to drive a 20-year-old car (of any kind, not just a hybrid) is likely more environmentally friendly than buying a new car every few years. They're doing the reduce part of "reduce, reuse, recycle." A long-lasting, low-maintenance hybrid has a good argument for being very environmentally friendly.

> OP continuing to drive a 20-year-old car (of any kind, not just a hybrid) is likely more environmentally friendly than buying a new car every few years.

Sure, but that isn't the comparison here. Buying a new EV and then holding on to it for 20 years will be even more environmentally friendly.

Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV

#70

Earlier quoted context omitted.

It feels "right-sized" given Toyota's approach towards EV's and the slowing adoption rate of EVs in the US.

Toyota initiated the hybrid as a modern platform, and they continue make the best selling hybrid in the world (Prius). But since they don't want to be in the business of making undesirable vehicles with short lifespans that require expensive maintenance, they have stuck to hybrids rather than full electric and all the extremely costly low lifespan batteries that go into them. Speaking as a 2004 Prius daily driver, th…

> But since they don't want to be in the business of making undesirable vehicles with short lifespans that require expensive maintenance

The average BEV is lasting just as long as any other car on the road and the used market is not filled with "broken EVs requiring expensive maintenance". The opposite seems to statistically be the case: the used market for EVs is "barren" because the cars don't need expensive maintenance and often stay with their first owners for longer and when they do move to new owners don't often go through the traditional used market because they don't need as much maintenance.

You've been lead to believe some interesting misinformation. Toyota themselves have been a source of some of that misinformation, which is further unhelpful.

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