Japanese carmaker Toyota has laid the groundwork for its complete transition to mobility services , with spending in the sector expected to be $ 1.34tn by 2020 , according to Accenture . In addition to investments and partnerships, Toyota’s spends about ¥1.05 trillion ($9.7 billion) Toyota has already invested in the world 's top three ride - hailing providers , partnered with SoftBank to launch transportation firm Smart Technologies and is set to launch six electric vehicles by 2020 . In addition , the company continues to invest in hydrogen fuel cells , and is exploring new markets including India and Africa .
Japanese carmaker Toyota has laid the groundwork for its complete transition to mobility services , with spending in the sector expected to be $ 1.34tn by 2020 , according to Accenture . Toyota has already invested in the world 's top three ride - hailing providers , partnered with SoftBank to launch transportation firm Smart Technologies and is set to launch six electric vehicles by 2020 . In addition , the company continues to invest in hydrogen fuel cells , and is exploring new markets including India and Africa .