16 Jun 23

Toyota promises 40% cheaper BEVs and range up to 1,500 km

Toyota bZ4X while fast charging.

Criticised for its relatively slow BEV rollout, Toyota has unveiled precise details on its electrification strategy, promising fleets an astonishing range of more than 1,000 kilometres, a cost-plunge of 40%, and solid-state batteries arriving within a few years.

There’s no change at heart at Toyota’s pursuit of a multi-tech global strategy, responding to local needs with best-suited powertrains. But the undisclosed battery plans at a technical workshop before its shareholder meeting demonstrate that the Japanese carmaker is accelerating cell technology development to catch up with competitive fleet suppliers. The provided insights are unusually transparent for an OEM.

Two battery chemistries

Responding to BEV adoption’s major pitfall, range anxiety, Toyota promises that the next-gen battery of its current NMC range (nickel-manganese-cadmium) will provide autonomy of at least 1,000 kilometres, arriving in 2026. Today this is unmatched by any BEV on the market. The cost will be 20% less than the current cross-over bZ4X, and the fast-charging performance drops from 30 to 20 minutes.

However, to plunge the retail price further, Toyota will co-launch a pack with LFP chemistry (lithium-iron-phosphate) in 2026, proving 40% less costly than the current bZ4X. The range will be comfortable at 750 kilometres.

Shareholder revolt

Updating on its development progress in solid-state technology, poised to be the next big thing in battery cell evolution, the Japanese carmaker claims a breakthrough. It expects to market the technology in 2027, several years before the envisaged introduction by dedicated battery start-ups, and claims possible ranges of 1,500 kilometres. The mentioned ranges aren’t exclusively attributed to cell technology but also to weight reduction and aerodynamics.

Toyota opening a book on its electrification plans must be read against the background of the annual shareholder’s meeting to quench a protest from voters dissatisfied with the car maker’s EV progress.

Image Source: Toyota

Authored by: Piet Andries