In an expansion of their partnership to share hybrid technology, which generated Subaru's first plug-in hybrid, Toyota and Subaru have announced that they are jointly developing a new electric-car platform for use by both brands.
Toyota and Subaru have agreed to develop a joint BEV platform. The first fruit this partnership bore was the BRZ/GT86 sports auto, which has been a hit with enthusiasts. So we could see electric cars similar to the Corolla and Impreza, Camry and Legacy, and even the Highlander and Ascent on this platform in the future.
They say the project will bring together Toyota's expertise in vehicle electrification and Subaru's all-wheel-drive technology.
Toyota and Subaru already joined forces with the Subaru Crosstrek Hybrid, which uses Toyota Prius Prime electric powertrain. Subaru will shift all of its battery-electric development to the joint venture while developing an electrified SUV that takes advantage of the companies engineering, development, and purchasing efforts.
"The automotive industry is in the midst of a once-in-a-century period of profound transformation", Toyota said in a statement. We also have no clue about the available range since the press release only mentions "large-capacity batteries".
Admittedly, Toyota has a lot of experience with vehicle electrification, with all those hybrids it has produced.
The automakers view the collaboration as the best way to tackle market challenges surrounding electric vehicles, including development costs, battery supplies, and quick development.
With regulations around the world beginning to require emissions reductions that gas engines alone can't meet, however, the company needs a strategy to sell EVs and procure large battery supplies.