Toyota Motor Corp. (JP:7203) announced Wednesday that it will begin producing a brand-new electric SUV in Kentucky by 2025. The company will build its first U.S.-assembled electric vehicle at the Kentucky plant. Batteries for the three-row SUV are being supplied by a Toyota factory in North Carolina, which is currently under construction. Toyota will invest $2.1 billion more in the North Carolina facility, bringing its total investment to $5.9 Billion. The Inflation Reduction Act stipulates that only certain electric and hybrid cars are eligible for the $7,500 or partial tax credit. This is largely determined by how much of the vehicle’s manufacturing takes place in the United States.