Toyota is developing an electric car with a different type of battery that can significantly boost driving range while cutting charging times to a matter of minutes, reports Japanese daily Chunichi Shimbun.
The car maker confirms it is working on a all-solid-state (using solid electrolytes) battery, with commercialisation slated for as early as 2022.
Toyota is looking to start mass-producing electric vehicles in China as soon as 2019, though with regular lithium-ion batteries.
According to recent forecasts from Bloomberg New Energy Finance, the medium car segment, which includes high-selling models like the Toyota Camry and Honda Accord, will account for a good chunk of EV growth due to favourable switchover costs from internal combustion engines to electric beginning in the late-2020s. Electric vehicles will become price competitive on an unsubsidised basis beginning in 2025.