Here in 2018, it’s difficult to see exactly what the future is going to make of the automotive industry. Autonomous vehicles, electric and hybrid engines, solar powered glass, and many other technological advances are paving the way for N Charlotte Toyota vehicles and the possibilities are endless. However, one automotive trend that Toyota feels is here to stay is ride sharing. Ride sharing is a transportation service like taxi cabs, but it minimizes costs for passengers with less overhead and operation costs. Companies like Uber and Lyft have pioneered this type of service, but now automotive giants, namely Toyota, have been investing heavily in this potential future for the automotive industry. While this could be an issue for N Charlotte car companies, Toyota sees this as a sound business opportunity. At Toyota of North Charlotte, we’ve compiled a list of key actions Toyota has taken to get involved in ride sharing, so you can stay informed about where the automotive industry might be going.
Toyota invests in Grab Holdings.
Earlier this year, Toyota invested in ride sharing company, Grab, that’s largely based in Southeast Asia. While the exact investment size is unknown, it’s estimated to be somewhere in the ball park of $1 billion. Grab is like other taxi hailing companies and aims to bring mobility to people who don’t drive or are looking for an affordable alternative to vehicle ownership. Toyota’s relationship with this company at this point is focused on fleet management but will likely involve autonomous vehicle technology and use of N Charlotte Toyota vehicles for ride sharing services in the future.
Self-driving shuttles and electric vehicles.
Toyota has also been working cooperatively with companies like Amazon, Uber, Didi, Mazda, and Pizza Hut to create autonomous shuttle vehicles. The concept has been called “e-Palette” and will ideally be used to not only move people for ride sharing efforts, but products and other services as well. It’s uncertain whether this technology will be introduced to the N Charlotte area, but it’s expected to be unveiled at the 2020 Olympics. Toyota is also reportedly in works to develop a unique electric vehicle designed as a ride hailing vehicle that gets charged by its passengers. The N Charlotte Toyota vehicle is rumored to use pedals and/or cranks that are operated by passengers during their commute to keep the electric battery charged and minimize ride fare costs.
Toyota launches Hui in Hawaii
Exclusive to Hawaii, Toyota has launched, as opposed to a ride sharing service, a car-sharing service called Hui. The program is app based and uses 25 pickup locations in various urban areas for users to select and drive away with a vehicle. There are currently 70 different N Charlotte Toyota vehicles to choose from, including the Toyota Camry and Prius. Hui is reportedly a monthly membership program with a variety of budget friendly plans to choose from.
New Toyota technology at Toyota of North Charlotte
While we don’t know when technology like this will be included in future vehicles, we do have some amazing technology features in new Toyota models here at Toyota of North Charlotte! Features like Toyota Safety Sense P, Entune 3.0, and new driving modes are all here and you can see it all now. Visit Toyota of North Charlotte at 13429 Statesville Road, exit 23 off I-77 in Huntersville!