Toyota Motor and Revel, an operator of an EV taxi service and a network of high-speed charging stations, have signed an agreement that will give owners of Toyota and Lexus EVs complimentary access to Revel’s DC fast charging network in New York City. The agreement runs through October 14, 2027. Revel, which began life as… Read more »
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Toyota invests $500 million in electric air taxi company Joby
Toyota Motor will invest an additional $500 million in Joby Aviation, a producer of electric vertical landing and takeoff (eVTOL) aircraft. The investment is intended to support certification and commercial production of Joby’s new electric air taxis, which the two companies view as “the future of air travel.” Toyota views the investment as a continuation… Read more »
LG Chem to supply cathode active materials to Toyota-Panasonic JV
South Korea’s LG Chem has secured a supply of cathode active materials (CAM) for EV battery manufacturer Prime Planet Energy & Solutions (PPES), a Japanese joint venture between Toyota Motor and Panasonic, starting in 2026. PPES has been supplying batteries to global OEMs including Toyota from its plant in Japan. LG Chem’s technical approach to… Read more »
Toyota joins US public EV charging network IONNA
As regular Charged readers know, Toyota’s electrification strategy blows hot and cold—in Q2 2024, its EV share of total US brand sales was abysmal—below 2%, lower than any other major automaker save fellow laggard Honda/Acura. However, even as it continues to lobby against emissions standards and spread misinformation about EVs, the giant automaker is researching… Read more »
Toyota and electric utility Pepco to study V2G technology
Toyota Motor North America and utility Potomac Electric (Pepco) will collaborate on vehicle-to-grid (V2G) research for EVs. Owned by Exelon, Pepco serves Washington DAC and surrounding communities in Maryland. Toyota and Pepco will conduct the V2G research at Pepco’s Watershed Sustainability Center in Montgomery County, Maryland, using a bidirectional charger. The utility will also work… Read more »
EnergyHub adds Toyota to its roster of auto brands enabled for utility EV incentive programs
Distributed Energy Resource Management provider EnergyHub works with some 60 utilities in North America to manage distributed energy resources. Customers of utilities that partner with EnergyHub can take advantage of several types of programs for EV drivers, including managed charging and EV-specific time-of-use rates. EnergyHub’s system works with numerous charging providers and “all leading EV… Read more »
Toyota invests billions in EV production at Indiana and Kentucky plants
Automakers often say one thing and do the opposite, or make contradictory statements for different audiences. Usually this sort of cognitive dissonance is considered a bad thing, but in Toyota’s case it may be otherwise—the company’s leaders have long been the auto industry’s most prominent anti-EV voices, even as the company itself has quietly but… Read more »
WeaveGrid collaborates with Toyota to enable V2G integration with selected utilities
Vehicle-to-grid (V2G) technology is expected to support a cleaner, more resilient electrical grid, while enabling EV owners to save money while charging their vehicles. However, some sort of managed charging platform will be needed to match up EV owners with local utilities. Software provider WeaveGrid, in collaboration with Toyota, has developed just such a platform…. Read more »
Maritime battery supplier Corvus Energy receives investment from Toyota’s Woven Capital
Norway-headquartered Corvus Energy, a supplier of lithium-ion battery storage and hydrogen PEM fuel cell systems to the maritime industry, has secured an investment from Toyota’s growth fund, Woven Capital. The funding will be used for product development and geographic expansion. Corvus’s other leading investors include BW Group, Equinor Ventures, Hydro and Shell Ventures. More than… Read more »
Toyota’s new PROACE MAC commercial van will offer an electric variant in Europe
Toyota has announced the specifications of a new commercial van it will launch in Europe in 2024. The PROACE MAX van will come in six sizes with two wheelbase options, three lengths and three heights. These combinations offer cargo area volumes from 10 m³ to 17 m³, which can hold up to five Euro pallets…. Read more »