The companies didn't announce any timelines, but Toyota could be setting the stage for future vehicle announcements, be it EVs or gas-powered cars.

Toyota announced a cooperative effort to test the self-driving capabilities of Waymo. Waymo reported 4 million fully autonomous rides last year in the U.S., quadrupling its total before 2024. Driverless taxis now operate in Austin,

Toyota Motor and Alphabet's Waymo said on Wednesday they will explore collaborating on the development of a new autonomous vehicle platform and ways to enhance next-generation personally owned vehicles (POVs).