Toyota announced they are opening up their intellectual property vaults to electric car technology. In an effort to further the progress of sustainable mobility, the Japanese carmaker is giving full access to 23,740 patents and making available its technical knowledge. Royalty-free. Won’t cost a cent. No hidden fees. The grant period starts immediately and continues through 2030.
The R&D for electric vehicle technology takes a princely sum, proving a daunting barrier of entry, unless you have an actual kingdom funding you. See where we discuss that in this article. The great thing is, anyone can utilize the patents; all you have to do is pick up the phone and call Toyota to discuss the licensing terms and conditions. And that includes budding electric car designers. If you thought there was no way to get in on the party because of the expense, now’s your chance.
Build Your Own EV
Toyota has been a leader in developing advanced technologies for electric vehicles. Their patents have proven themselves on the road with enhanced performance, reduced vehicle size and cost. The included patents are geared specifically towards electric motors, power control units (PCUs) and system controls. These patents can be used across the board to develop all types of electric cars: hybrid-electric, plug-in hybrid (PHEV) and fuel cell electric vehicles (FCEV).
Remember I said there were no hidden fees? Well, there are no upfront fees. The fees are playing peek-a-boo in the background. Toyota will provide fee-based technical support on vehicle electrification systems, control guides and detailed explanations of tuning guides for vehicles utilizing their systems. With their guidance, the idea is that other automakers utilizing their technology can create high performance vehicles in terms of fuel efficiency, output and quiet motors.
By generously opening up their technology to other parties, Toyota has created the conditions to reduce CO2 emissions and also fill their coffers. And that’s good business for both the environment and them.