Toyota has followed Tesla’s strategy of giving their patented technology away for free. The patent system is so obviously broken so it’s nice to see these large corporations just letting their patents go. Ultimately, this means that other car companies can now use fuel saving technology (or whatever Toyota has invented). Hopefully we will see less environmentally damaging vehicles on the road.
Perhaps the most newsworthy announcement came when Toyota said it would make all of its 5,680 patents related to fuel cell technology available, royalty-free, to other companies manufacturing and selling both fuel-cell vehicles and hydrogen refueling stations. The idea is to drive more innovation in this somewhat nascent sector of the automobile industry.
â€œItâ€™s obvious that there can be a higher societal value in openly sharing our IP,â€ Carter said. â€œBy eliminating the traditional corporate boundaries, we can speed the metabolism of everyoneâ€™s research and move into a future of mobility quicker, more effectively, and more economically. Indeed, I believe that today marks a turning point in automotive history.â€