A new report released by Nikkei Asia revealed Toyota plans to unveil an electric vehicle with a new solid-state battery by 2021, and it looks like it will be a game-changer.
It promises a 310-mile (500 km) range in a single charge, and a rather rapid recharge from zero to full in 10 minutes.
"The technology is a potential cure-all for the drawbacks facing electric vehicles that run on conventional lithium-ion batteries, including the relatively short distance traveled on a single charge as well as charging times," states the report. "Toyota plans to be the first company to sell an electric vehicle equipped with a solid-state battery in the early 2020s. The world's largest automaker will unveil a prototype next year."
Solid-state batteries are believed to be a lot safer than the more common lithium-ion ones. They also have more potential for higher energy density---the energy a battery can deliver compared to its weight.
However, as of yet, they have not been produced in large-scale and at a reasonable enough price point to be competitive in the lithium-ion battery dominated market. Could Toyota have achieved this lofty goal?
It's hard to tell at the moment as we have yet to hear about...