Toyota is working on an electric car powered by a new type of battery that significantly increases driving range and reduces charging time, aiming to begin sales in 2022, according to a newspaper report. Ciara Lee reports.
Fast charging and an increased driving range - the electric car dream. Toyota reportedly working on a vehicle powered by a new type of battery, that does both. Citing sources, one Japanese newspaper says Japan's biggest carmaker will use all-solid-state batteries, allowing it to be recharged in just a few minutes. And with ambitions to begin sales in five years. Battery-powered cars are rapidly gaining traction around the world as an emission-free alternative. And Toyota is looking to close the gap with EV leaders such as Nissan and Tesla. (SOUNDBITE) (English) CRAIG ERLAM, SENIOR MARKETS ANALYSTS, OANDA SAYING: "There's going to be a number of stronger competition from other brands over the course of the next five to 10 years. And I think what Toyota is doing is trying to get itself back in the game and even possibly a step ahead. These new batteries seem to be strong competition for Tesla. The fact that they are both extremely fast charging and long lasting is going to provide some serious competition for the market." Current electric vehicles use lithium-ion batteries and need 20-30 minutes to recharge even with fast chargers. Their range is typically 300-400 kilometres. But whether Toyota can leapfrog its rivals remains to be seen. Mass production requires a far more stringent level of quality control. And other dominant automakers such as BMW are also working on their own all-solid-state batteries.