Toyota is planning to jump forward in competing with its rivals in the electric vehicle department by its investment in its new solid-state batteries that is of course, if they are successful in releasing it and mass producing it.
Toyota aims to introduce two solid-state batteries by the end of the decade. This sudden change in the company is because of the long-faced criticism from shareholders and activists for its slow progress in the EV market.
Toyota’s focus is on improving lithium-ion batteries while solid-state technology is still in development but is right now their center of attention. By 2026, the company plans to launch a next-generation lithium-ion battery pack that will provide future vehicles with a range of up to 621 miles, double the capacity of their current bZ4X electric SUV.
These new batteries are also expected to be 20% cheaper and charge from 10% to 80% in just 20 minutes. Toyota has additional lithium-based designs scheduled from 2026 onwards, aiming to enhance performance and reduce costs compared to current designs.
However, solid-state batteries hold even greater promise. Toyota’s first solid-state battery is projected to debut in 2027, offering a 20% increase in range compared to the aforementioned lithium pack, reaching around 745 miles and can be recharged in only 10 minutes.
A second-generation solid-state battery is also expected to enter the market after 2028.
Toyota visualizes that this battery will provide a 50% increase in range compared to the 2026 lithium-ion pack, potentially offering a driving range of approximately 932 miles.
While bold claims about solid-state batteries have been made before, Toyota’s reputation as a trusted industry leader lends credibility to these statements. The company has been investing in the technology, filing patents, and conducting prototype testing.
The challenge lies in refining the technology to a state where it can be mass-produced affordably. Current solid-state batteries face issues such as longevity and high manufacturing costs. Overcoming challenges related to dendritic growth and reducing expenses are necessary steps before these batteries become commonplace in the automotive industry.
Despite a slow start, Toyota’s goal is to sell 3.5 million electrified vehicles per year by 2030. With the introduction of advanced batteries offering an extended range, achieving this target becomes more feasible. If Toyota can successfully harness the potential of solid-state batteries, the future looks promising for the company.