September 19, 2021

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Electric Vehicle Batteries - Toyota: - Battery cost should be halved

Electric Vehicle Batteries – Toyota: – Battery cost should be halved

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(Elbil24): Toyota is the world’s largest automaker by volume, but it hasn’t yet been among the most forward-looking in electric vehicles. At the same time, the company has spent several decades on the development of efficient batteries and hybrid concepts.

And while light-duty hybrids and rechargeable hybrids will continue to dominate Toyota’s portfolio in the coming years, the Japanese manufacturer has also recognized that the battery-electric battery is capturing record speeds in many markets, not least in Europe.

By 2025, the company will have introduced up to 15 all-electric new models. Toyota aims to sell eight million electric cars by 2030, of which six million will be semi-electrified and two million will be fully electric.

The latter will also include hydrogen cars, a class that Toyota also has high expectations for in the coming years.

The first electric car in 2022

At first, they were ready right away bZ4X crossover, the first fully electric car with the Toyota logo (which is already on the market with Lexus UX 300e). It will be seen on the roads during 2022, and will most likely be equipped with the so-called battery blade From Chinese BYD.

Among other things, the battery is cobalt-free, takes up less space and weighs less than conventional lithium-ion batteries. It must also be 100% fireproof. world tang It is the first electric car on the Norwegian market with a battery blade.

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First, the bZ4X is expected to be on the road next year.  Photo: Toyota
First: The bZ4X is expected to be on the road next year. Photo: Toyota
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big commitment

At the same time, Toyota continues its major investment in battery development. The company recently announced that it will invest nearly $14 billion (equivalent to about NOK 122 billion) in developing electric vehicle batteries by 2030.

The funds will be used for the further development of existing lithium-ion batteries, but also to a higher degree for the development of solid-state batteries. Toyota has already made headway here, and now asserts that it is on track to have production-ready solid batteries in 2025.

It will be much cheaper

Solid state batteries are often referred to as next generation batteries. They have a more stable chemical composition than lithium-ion batteries, allowing for much greater energy density and faster charging – in addition to being fire-resistant. And although there are many people who are able to manufacture such batteries now, the costs are currently too high to be profitable.

Toyota expects this to change in the coming years. By, among other things, using cheaper materials and construction, at the same time that electric cars will be more energy efficient, it aims to reduce battery costs by 50 percent by 2030 — measured relative to the current level, he writes. Car News.

The battery pack makes up a large part of the total cost of electric vehicles. If the prices are significantly lower, this necessarily also means much cheaper electric cars, and this is also the conclusion in This is the last study.

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Norway is also interested in getting its share of the pie. Here are several large battery factories in the pipeline, the largest of which has ambitions to produce 700,000 electric car batteries annually In a few years.