Toyota is one of the most noteworthy brands, sitting at the forefront of solid-state battery technology, with plans to release a revolutionary option with 745 miles of rangeby the end of the decade. This will be one of the most significant introductions to the EV industry and will change the way consumers see EV products. The premise of solid state battery technology aims to provide longer ranges and faster charging times, resulting in improving the overall longevity and convenience. Brands like Samsung are also currently in the race to introduce a solid-state battery option to the market, but it looks like Toyota may be aiming for the most impressive road-legal solid-state battery.
Many experts punt solid-state batteries to be the next major step in making EVs a more viable mainstream option. This is thanks to the substantial benefits that they offer over lithium-ion batteries, which are today’s standardized option. As is the case with anything, this technology also has its fair share of cons, such as high development costs and a complicated manufacturing procedure. For this reason, it’s going to take much longer than a decade until we start seeing this chemistry introduced to mainstream cars at an affordable rate. This is how the current development timeline affects Toyota and how that will impact its long-term electrification strategy.
