Toyota Motor North America is planning to build a $1.3 billion battery plant near the small town of Liberty, N.C., where it will eventually produce enough lithium ion batteries to power up to 1.2 million vehicles per year.
"People want vehicles with range of 350 or 400 miles, and they want to be able to refuel in a relatively short period of time. Once technology can do that ... I think you'll see people even go electric here."
Automotive executives and head designers at this year's North American International Auto Show mostly talked in circles when asked about the plastic components gleaming on their recently unveiled vehicles. But there was at least one material that fell from their lips as easily as the words steel or aluminum: carbon fiber.