Toyota’s Electric Vision: A Tenfold Surge in EV Production and Pioneering Solid-State Batteries by 2026

Toyota's strategy for electric vehicles includes increasing production to a minimum of one million vehicles by 2026, with an additional initiative to begin producing solid-state batteries on Japanese soil.

The car manufacturer had earlier set a goal of 1.5 million electric vehicles by 2026, but the revised figure still signifies an almost ten times rise from the figures projected for 2023, as pointed out by Reuters.

Toyota has indicated that these figures are simply target indicators for its investors. Though the company may maintain a focus on hybrid vehicles, aiming for a production of one million electric vehicles by 2026 represents a significant challenge for the car manufacturer.

Toyota has intentions to commence production of their cutting-edge solid-state batteries shortly after they escalate their electric vehicle production. On Friday, the car manufacturer announced that it had gained clearance from authorities in Japan for a proposal to progressively initiate the manufacturing of future-generation battery cells from 2026, which encompasses solid-state cells. These three sophisticated cell varieties could potentially hit annual production figures of up to 9 gigawatt-hours.

Toyota's strategy for enhancing battery manufacturing by 2026

These figures will equate to specialized models—potentially totaling close to 100,000 long-range electric vehicles in all, possibly—meaning these won't be mass-produced EVs but rather high-end luxury vehicles, performance vehicles, or similar types.

In September of the previous year, Toyota presented a technological blueprint highlighting the development of sophisticated lithium-ion batteries, alongside two iterations of solid-state batteries, suggesting a potential reduction in rapid charging duration to a mere 10 minutes. Collaborative efforts on foundational solid-state technology have been underway between Toyota and other Japanese enterprises, namely Panasonic and Idemitsu Kosan.

Prototype of Toyota's solid-state battery

Toyota in the United States has entered into an extended supply deal with LG for batteries, which will be produced at LG's Michigan plant to power electric vehicles built in the U.S., such as an SUV from Kentucky. However, the latest production developments indicate that the most sophisticated battery cells, such as solid-state batteries, will be manufactured in Japan.

The ongoing paperwork indicates that Toyota is gearing up for a significant increase in electric vehicle manufacturing, a stark contrast to their present minimal output. However, last year, they forecasted that by 2030, their production of hydrogen-powered vehicles would surpass that of electric vehicles with solid-state batteries.

Labels:

Participate:

Spread the Word About This Piece:

Get in Touch with the Author:

Stay Updated with Us:

Subscribe to the Green Car Reports Newsletter

Register to receive daily updates on the newest eco-friendly vehicles and environmental reports straight to your email!

I consent to getting email communications from Green Car Reports and acknowledge that I have the option to opt-out whenever I choose to. For further details, please refer to the Privacy Policy.

Lucid has unveiled a preview of its upcoming midsize crossover SUV, emphasizing that the vehicle will prioritize both efficiency and advanced technology.

There may be a problem with the Volkswagen ID.4's door handles as they seem unable to prevent water from getting in.

The European Union may reduce import duties on electric vehicles from select overseas manufacturers.

The firm has halted the production of cathode active material in Sweden and is taking steps to reduce expenses, which will likely result in layoffs.

Hyundai entrusts its credit card to its most untamed and defiant offspring – and it turns out to be a smart move.

Volvo is heavily invested in its electric trajectory, with plug-in hybrids being a crucial component that will continue to advance.

Electric vehicles generate fewer emissions throughout their lifespan compared to traditional gasoline-driven cars; however, SUVs continue to have a greater negative impact on the environment than smaller automobiles.

General Motors is seeking a strategy to guarantee their forthcoming electric race vehicles can successfully complete races, and they're crafting a unique driving setting focused on endurance.

The Kia Niro Electric continues to be a choice for households, as other vehicles in the lineup experience minor hikes in cost.

The car manufacturer has announced plans to launch its inaugural hydrogen fuel cell vehicle within the next four years.

Charging on the go might become the next big technological advancement, or it may simply be an unrealistic fantasy.

Associated Content

Top Picks

Image Gallery

Updates

Press

Retailer Resources

Feed

Corporation

Stay Connected: