Toyota Motor North America (TMNA) announced its commitment to developing a Toyota home charging experience. TMNA says it is preparing for its next-generation electrified vehicles. With investment from Toyota’s growth fund, Woven Capital, TMNA collaborates with WeaveGrid to ensure that Toyota BEV and PHEV vehicles integrate smoothly with the electric grid. This collaboration aims to facilitate an efficient and resilient energy transition.

Christopher Yang’s Vision for the Toyota Home Charging Experience

“Toyota is committed to making investments in technologies and solutions to provide greater insights for our customers and electric utility partners into how vehicles will interface with their homes and the electric grid,” said Christopher Yang, group vice president, Toyota EV Charging Solutions. “With more Toyota BEV and PHEV customers than ever before, we are looking to ensure they will be met with a high-quality experience that enriches their ownership journey.”

Toyota’s Investment Strategy and Future Goals for Home Charging

Toyota says it focuses its investment strategy on developing and providing cutting-edge solutions. These solutions aim to maximize the benefits of load flexibility with electric vehicles on the grid. Toyota also explores potential financial advantages for customers in the Toyota home charging experience.

Projected Growth and Impact on Electricity Consumption

By 2030, the National Renewable Energy Laboratory (NREL) estimates that more than 10 times the current number of BEV and PHEV vehicles will be on the road in the U.S. This growth will significantly increase electricity consumption.

Collaboration with WeaveGrid for a Resilient Energy Transition

Toyota collaborates with WeaveGrid and its partner utilities to launch programs. These efforts will support a resilient, affordable grid that allows customers to charge their vehicles reliably. The collaboration also explores how vehicle batteries can serve dual purposes for vehicle propulsion and home energy needs. This will benefit drivers of BEVs, PHEVs, and the grid.

WeaveGrid’s Approach to Grid Transformation

WeaveGrid takes a systems-oriented approach, believing the energy and transportation sectors need further integration. This transformation will help utilities absorb the coming wave of vehicle electrification from automakers like Toyota.

Toyota’s Long-Term Goals for the EV Ownership Experience

“As Toyota aims to expand the number of BEV and PHEV vehicles we offer, our goal remains to ensure the ownership experience is as seamless and customer-friendly as it has been with the vehicles we’ve built our reputation on in the U.S. over the last 67 years,” Yang said. “Investing in our infrastructure with WeaveGrid has the potential to provide customers and power utilities with mutual benefits that align with our mission to contribute to the goal of a carbon-neutral society.”