As a means of encouraging the automotive industry's shift towards sustainability, Toyota is granting royalty-free licenses on almost 24,000 of their electric and hybrid vehicle technology.
With consideration for the amount of time, money, and resources needed to help combat rising emissions through electric transportation, this is just one of the measures that Toyota is taking further promote the widespread use of electrified vehicles.
Firstly, Toyota announced earlier this week that it will be granting the royalty-free licenses on nearly 24,000 patents it holds (including some pending applications) for vehicle electrification-related technologies.
Secondly, Toyota will provide fee-based technical support to other manufacturers developing and selling electrified vehicles when they use Toyota's motors, batteries, PCUs, control ECUs, and other vehicle electrification system technologies as part of their powertrain systems.
Ultimately, by granting royalty-free patents and providing technical support on its vehicle electrification systems, Toyota aims to help further promote the widespread use of electrified vehicles, and in so doing, help governments, automakers, and society at large accomplish goals related to climate change.
"Based on the high volume of inquiries we receive about our vehicle electrification systems from companies that recognize a need to popularize hybrid and other electrified vehicle technologies, we believe that now is the time for cooperation," said Shigeki Terashi, Member of the Board and Executive Vice President of Toyota. "If the number of electrified vehicles accelerates significantly in the next 10 years, they will become standard, and we hope to play a role in supporting that process."