That small-volume, regional roll-out of hydrogen fuel cell vehicles? Yeah, it’s just not doing it for Toyota. The automaker has let development of a fully-electric electric vehicle slide, and now it’s time to play catch-up.
But, rather than saddle the development of a non-hydrogen, non-hybrid green vehicle with the weight of a huge corporate bureaucracy, Toyota has chosen a different route in getting that all-important model to market.
A company within a company. At the table: four people with a mandate to deliver, and the sooner, the better. Call them Toyota’s A-Team. (E-Team?)
Toyota announced an in-house venture company today, run by an individual from each Toyota Group company. That includes Toyota Industries Corporation, Aisin Seiki Co., Ltd., Denso Corporation and TMC.
Describing it is a “virtual organization,” the automaker claims the four members will operate independently from those organizations. The group, company, organization â€” call it what you want â€” officially gets to work in December.
According to Toyota, the venture company’s “small organizational structure is meant to enable it to implement unconventional work processes, leading to accelerated project progress and, thus, fast-to-market products.”
The powers that be at the automaker admitted the company hadn’t covered all of its bases. Sure, the Prius hasn’t been ignored (though buyers aren’t giving it the love they once did), and there’s a plug-in Prime variant on the way, but the company’s strong focus on fuel-cell vehicles served to momentarily take its eye off the ball. For the record, the company stands by its pro-fuel cell stance, calling it the best all-around technology for the future.
However, all those pesky other companies and their EVs (existing or pending) tipped Toyota’s hand. It’s the government’s fault, too.
The automaker claims that “differing energy and infrastructure issues around the world and the rapid strengthening of regulations aimed at increasing the use of zero-emission vehicles have heightened the need for product lineups that can respond to various situations.”
What products can the world’s supposedly EV-hungry buyers expect? Toyota hasn’t said, though Japan’sÂ Nikkei newspaper claims the company wants a vehicle with at least 186 miles of range by 2020. Even if the goal come to pass, expect a pack of Toyota’s competitors to cross the finish line first.