Toyota solid stqte batteries

Toyota believes solid-state battery technology can double the capacity of today’s lithium-ion battery technology, and help EVs travel further on a full charge.

Successfully commercializing solid-state battery technology could be key to making electric battery cars as affordable as today’s gasoline cars. Experts say this means the cost of producing a kilowatt hour of electricity needs to fall to around $100 from a little under $200/kWh today.

Global automakers are racing to lower battery manufacturing costs to pad out today’s thin margins on battery cars.

“We see this tipping point around 2025,” says Nissan Motor Co 7210.T Executive Vice President Daniele Schillaci.

“By then, for the customer, it will be practically the same cost to buy petrol or EV. If you have the same price for EVs and petrol, why would you buy traditional technology?”

Unlike today’s lithium-ion batteries, solid-state battery cells don’t need to be layered closely together and linked by electric connectors, giving car designers more flexibility to create more space for passengers or storage.