Toyota Motor unveiled a new tab featuring next-generation engines that are compatible with a range of vehicles, such as hybrids and biofuel-powered cars.
Toyota Motor (7203.T) launched a new tab on Tuesday that included next-generation engines that can be utilized in a variety of vehicles, including hybrids and biofuel-powered vehicles. This move reflects the company’s efforts to meet stricter pollution regulations and to expand its product line beyond electric vehicles.
During a conference alongside rivals Subaru (7270.T) and Mazda Motor (7261.T), the largest carmaker globally in terms of volume showcased under-developed 1.5- and 2.0-liter engines that have notably smaller volume and height compared to their present counterparts.
“With these engines, each of the three companies will aim to optimize integration with motors, batteries, and other electric drive units,” they stated in a joint statement. Almost 5% of Mazda and almost a fifth of Subaru are owned by Toyota.
The trio claimed that by enabling internal combustion engines to run on alternative fuels like e-fuels and biofuels, their work will contribute to the decarbonization of these engines. Additionally, they anticipate that smaller engines will revolutionize car design by enabling lower hoods.
Although it was once seen as an EV laggard, Toyota has benefited from the popularity of petrol-electric hybrids due to a halt in the rise of EVs. In light of this, BYD (002594.SZ) is slated to introduce new hybrid technology with lower fuel consumption later on Tuesday, while Mercedes-Benz (MBGn.DE) is also taking a similar step by updating its traditional engine technology.
The Japanese carmaker said that, compared to its current 1.5-liter engines, its new 1.5-liter engine will achieve a 10% reduction in volume and weight.
Comparing the new 2.0-liter turbo engine to the current 2.4-liter turbo engines seen in larger models like sport utility vehicles with three rows of seats, the benefits will be comparable.
Hiroki Nakajima, Toyota’s chief technology officer, declined to comment on the release date of cars with engines.
In countries like the European Union, where legislators are working toward emissions restrictions known as “Euro 7” for cars and vans starting in 2030 and eventually outlawing the sale of new CO2-emitting vehicles starting in 2035, automakers will have to contend with stricter emissions regulations.
Even though electric cars have grown in popularity recently, Toyota has been pursuing carbon neutrality through a “multi-pathway” strategy that offers a variety of engine options for its vehicles.
Between January and March, it sold roughly 2.4 million cars, of which about two-fifths were hybrids powered by gasoline and electricity. Together, fuel-cell, plug-in hybrid, and all-battery electric vehicles only made up 2.9% of the total.
In January, Chairman Akio Toyoda predicted that EVs would account for no more than 30% of the global car market, with fuel-burning, hybrid, and hydrogen fuel-cell vehicles making up the remaining shares.
Also read: Unveiling the Ethical Imperatives: Navigating the Intersection of AI and Cybersecurity
Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter
About us:
CIO News is the premier platform dedicated to delivering the latest news, updates, and insights from the CIO industry. As a trusted source in the technology and IT sector, we provide a comprehensive resource for executives and professionals seeking to stay informed and ahead of the curve. With a focus on cutting-edge developments and trends, CIO News serves as your go-to destination for staying abreast of the rapidly evolving landscape of technology and IT. Founded in June 2020, CIO News has rapidly evolved with ambitious growth plans to expand globally, targeting markets in the Middle East & Africa, ASEAN, USA, and the UK.
CIO News is a proprietary of Mercadeo Multiventures Pvt Ltd.
