Automotive Technology Solutions

He even suggested that cheaper EVs might not be part of the company’s plans, with self-driving technology being more impactful on the cost per mile. As part of the review, Toyota is considering a successor to its e-TNGA platform, which was unveiled in 2019 and underpins its first EV, the bZ4X crossover. The automaker designed e-TNGA so that EVs could be produced on the same assembly line with petrol cars and hybrids. Based on the assumption it would need to sell about 3.5 million EVs a year, or roughly one-third of its current global volume, by 2030 to stay competitive, this made sense. The chips shortage continues to pressure industry and presents a significant to existential challenge for automotive suppliers, highlighting the need for a dedicated semiconductor strategy and tangible action from policymakers.

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