Toyota Motor to give royalty-free access to its hybrid-vehicle technology patents through 2030 Follow our Charged coverage on the changing auto economy:
TOKYO - Toyota Motor Corp said it would offer royalty-free access to its hybrid-vehicle technology patents through 2030, as it seeks to expand use of lower emissions vehicles before the global auto industry shifts to all-battery electric cars.
The Japanese automaker said it would grant licenses on nearly 24,000 patents on technologies covering hybrid power systems, which comprise motors, power converters and batteries. The Nikkei Asian Review first reported Toyota’s plans to give royalty-free access to hybrid-vehicle patents. Hybrid vehicles account for around 3 percent of all vehicles sold globally, eclipsing the roughly 1 percent share of all-battery electric vehicles , according to LMC Automotive.Global automakers have pledged to electrify their offerings in coming years amid tightening global emissions regulations, but many acknowledge that shifting to all-battery EVs will take time due to the high cost of the required batteries.
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