Toyota unleashes new purpose for self driving vehicles

January 10th, 2018

Toyota has announced that they will be releasing electric self driving vehicles that will be tailored for companies to use ride-sharing and package delivery services. This new development in car manufacturing underscores how automakers are no longer simply building cars but also providing services to go with them.

Toyota has grand plans to start testing the new vehicles in the early 2020’s in various regions and plans to release the car in three sizes: a bus-sized vehicle, a shuttle and a small delivery vehicle sized to run on sidewalks.

Toyota plans to work together with companies such as, Chinese ride-sharing company Didi Chuxing Technology Co, Pizza Hut, Mazda Motor Corp and Uber Technologies. The plan is that these companies will assist Toyota to build the vehicles and their hardware and software support to develop connected mobility products.

Toyota has committed $1 billion to develop its automated driving and artificial intelligence technology and hopes to begin testing the cars in 2020.

This commitment by Toyota signifies a major step forward in the evolution towards sustainable mobility, demonstrating the continued expansion beyond traditional cars and trucks to the creation of new values including services for customers.

Innovative Australian companies are eligible to receive the federal R&D Tax Incentive, where companies with a turnover of under $20 million can receive a tax offset of 43.5% for eligible expenditure (38.5% for companies with a turnover over $20 million). Swanson Reed R&D Tax Consultants help companies to claim this incentive and ensure that they receive the maximum amount they are eligible for.