All Toyota models to be software-based by 2030

What happened: Toyota plans to make all of its roughly 50 vehicle models software-defined vehicles by 2030, allowing functionality to be enhanced through software updates. Key numbers: About 50 models by 2030. Why it matters: Toyota aims to build a business model generating revenue through software update fees after delivery, and plans to provide the platform to partner automakers afterward. Development of software-defined vehicles is led by Tesla and Chinese automakers, and Honda and Nissan have agreed to jointly develop in-vehicle software.

Toyota plans to make all of its roughly 50 vehicle models software-defined vehicles by 2030, allowing functionality to be enhanced through software updates.

Toyota aims to build a business model generating revenue through software update fees after delivery, and plans to provide the platform to partner automakers afterward. Development of software-defined vehicles is led by Tesla and Chinese automakers, and Honda and Nissan have agreed to jointly develop in-vehicle software.