Toyota said on Tuesday it will invest $912 million in five U.S. factories to expand production of hybrid vehicles to meet increasing demand. The investment in hybrid vehicles — of which Toyota is a market leader — is part of the Japanese automaker’s recent announcement to spend up to $10 billion over the next five years in the United States. It also comes at a time when Toyota, and the rest of the automotive industry, is trying to navigate the effects of tariffs and the end of federal tax credits for EVs.
