LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Toyota, Japanese rivals promise more efficient next-gen ICE engines amid the shift to EVs

Robert Frost by Robert Frost
May 28, 2024
in Industries
Toyota, Japanese rivals promise more efficient next-gen ICE engines amid the shift to EVs
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Toyota-ICE-engines

Despite the market moving toward EVs, Toyota, Subaru, and Mazda are committed to developing next-generation ICE engines. The new engines are “tailored to electrification” with integrated EV components.

Toyota, Subaru, Mazda, double down on ICE engines

Japanese automakers have been some of the biggest laggards in the transition to fully electric. As a result, Toyota was once again the worst-ranked automaker on InfluenceMaps annual report on climate lobbying.

You might also like

Sends shares Q1 2026 business update and product progress

BP flags ‘exceptional’ oil trading performance as Iran war chokes supply

Why the economy could be spared 2022-style inflation despite high oil prices

The rankings are based on automakers’ EV plans and how much they are lobbying against climate-friendly government commitments.

Tesla, Ford, GM, VW, and Mercedes-Benz topped the list, while Toyota, Mazda, and Suzuki rounded out the bottom.

Despite this, Toyota, Mazda, and Subaru are doubling down on ICE engines. In a press release Tuesday, the companies announced their commitment to developing new engines “tailored to electrification and the pursuit of carbon neutrality.”

The automakers aim to integrate EV components, including motors, batteries, and other electric drive units, into the new engines.

Meanwhile, the new units are expected to be smaller and more compact to fit Toyota’s new body styles for its next-gen EVs. Smaller engines enable lower hoods and improved aerodynamics for better performance and fuel efficiency.

Toyota-ICE-engines
(Source: Toyota)

The companies said they share a dedication to a “multi-pathway approach” to achieving carbon neutrality.

“In order to provide our customers with diverse options to achieve carbon neutrality, it is necessary to take on the challenge of evolving engines that are in tune with the energy environment of the future,” Toyota’s CEO Koji Sato said.

Toyota-ICE-engines
Toyota CEO Koji Sato presenting the new strategy (Source: Toyota)

Sato explained that the three companies would “refine engine technologies through friendly competition.”

The approach includes e-fuel, biofuels, and liquid hydrogen. Toyota claims its new ICE engines will “contribute to the broader adoption of CN fuels.”

The companies said the new engines would be released in the future but didn’t specify when they are expected to hit the market.

Electrek’s Take

Even though the global auto industry is shifting toward all-electric vehicles, Toyota and other Japanese rivals are looking to keep the engine alive.

Meanwhile, Toyota’s US boss, Ted Ogawa, believes the company is “catching up” on EVs and new tech. Of the over 2.2 million vehicles Toyota sold in the US last year, only 9,329 were fully electric, or less than 0.5%.

Many automakers are already achieving double-digit or 100% EV sales at this point, but Toyota (and its Japanese counterparts) are still investing in ICE engines.

The trend can be seen globally. Toyota (including Lexus) sold 30,109 all-electric vehicles globally through March. That’s only 1.2% of its over 2.4 million vehicles sold YTD.

Toyota has also promised next-gen EV batteries, but these are not due out until 2026 (or 2027) at the earliest.

Investing in ICE engines will likely lead to Toyota, Subaru, and Mazda falling further behind the pack as the market transitions to electric.

What do you think about Toyota still investing in ICE engines? Let us know your thoughts in the comments below.

FTC: We use income earning auto affiliate links. More.

[ad_2]

Source link

Share30Tweet19
Previous Post

Some Asian American and Pacific Islander women face a $1 million salary shortfall due to the pay gap

Next Post

Mount Anvil selected to deliver 300-home Isle of Dogs scheme

Robert Frost

Robert Frost

Recommended For You

Sends shares Q1 2026 business update and product progress
Industries

Sends shares Q1 2026 business update and product progress

April 14, 2026
BP flags ‘exceptional’ oil trading performance as Iran war chokes supply
Industries

BP flags ‘exceptional’ oil trading performance as Iran war chokes supply

April 14, 2026
Why the economy could be spared 2022-style inflation despite high oil prices
Industries

Why the economy could be spared 2022-style inflation despite high oil prices

April 14, 2026
Europe cheers Orbán defeat as a bloody nose for the Kremlin – but Hungary’s future remains contested
Industries

Europe cheers Orbán defeat as a bloody nose for the Kremlin – but Hungary’s future remains contested

April 13, 2026
Next Post
Mount Anvil selected to deliver 300-home Isle of Dogs scheme

Mount Anvil selected to deliver 300-home Isle of Dogs scheme

Related News

What the papers say – June 6

What the papers say – June 6

June 6, 2024
Nigerian social payments app shuts down crypto exchange services

Nigerian social payments app shuts down crypto exchange services

July 22, 2023
Tesla and Ford partnership on charging standard angers CCS coalition, but they are wrong

Tesla and Ford partnership on charging standard angers CCS coalition, but they are wrong

June 5, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?