Toyota Announced Plans for New Solid-state Battery-powered EV
The leading automaker giant Toyota has revealed plans to launch its first EV, which is driven by solid-state batteries, by the end of fiscal 2027. Solid-state batteries are considered a promising next-generation technology for improved charge rates, battery range, and enhanced safety. The car is expected to be a midsize SUV capable of going more than 500 miles on a single charge. This is another step in Toyota’s long-term plan to capture the market of electric vehicles which are quickly becoming popular with the rising standards for emissions around the world.
Solid State Battery Market Size
Precedence Research reveals that the global solid-state battery market size reached USD 174.42 million in 2023 and is predicted to achieve USD 1,645.60 million by 2030, expanding at a solid CAGR of 37.8% from 2023 to 2030.
The new electric vehicle from Toyota is a gigantic leap in the future of electric vehicles, solid-state battery technology, and performance and safety. The vehicle itself is powered by Toyota’s advanced solid-state battery, and the Patreon page has noted that the charging times would be even better.
The solid-state technique differs from lithium-ion batteries in that it cuts down charging time by up to 60% and provides fast recharging to suit drivers’ on-the-go demands. Another important aspect of Toyota’s solid-state EV is its range. This vehicle travels several hundred kilometers on a single charge, providing an unprecedented 500 miles on a single charge. This puts the car among the best electric vehicles with an extended battery that can articulate long-distance solutions. This extended range is particularly important to consumers who hate to be limited in terms of how frequently they need to recharge during long journeys.
Global EV Market Growth
The global EV market has been expanding rapidly in recent years, with total sales projected to exceed 30 million units by 2030, up from 10 million units in 2023, according to a report by the International Energy Agency (IEA).
| Year | Global EV Sales (in Million Units) |
| 2023 | 10.0 |
| 2024 | 13.5 |
| 2025 | 16.0 |
| 2030 | 30.0 |
Governments also participate in developing and adopting the technology through incentives and subsidies. Japan plans to contribute $2.5 billion for solid-state battery development, and the US Department of Energy provides grants to players who are interested in next-generation batteries.
|
Country |
Average Incentive per EV (USD) | Solid-state Battery Initiatives |
| U.S. | $7,500 | $5 billion in R&D grants |
| Japan | $6,000 | $2.5 billion in R&D funding |
| European Union | $5,000 | EU-wide subsidies for battery R&D |
Toyota’s revolutionary solid-state battery EVs could become the mainstream cars with very good range, safety, and charging capacity. With solid-state technology expected to be mainstream by 2030, this model is expected to remain a key model in Toyota’s EV plans and form 25% of the company’s EV sales by 2032.
We’ve prepared a service to support you. please feel free to contact us at sales@precedenceresearch.com | +1 804 441 9344
Meet Mahima, a voice you’ll want to follow in the electric vehicle (EV) industry. With a rich background in journalism and mass media, Mahima doesn’t just report the facts; she tells the story behind the revolution. Her expertise of over four years in writing positions her uniquely as someone who knows how to engage, inform, and inspire her audience. Whether she’s diving into the latest EV technologies or exploring the future of sustainable mobility, Mahima delivers insights that go beyond the surface, making her work a must-read for enthusiasts, professionals, and curious readers alike.
In every article, blog, or feature, she brings a human touch to the world of electric vehicles. She weaves narratives that highlight how the shift toward electrification is transforming economies, reshaping consumer preferences, and pushing the boundaries of innovation. Her sharp analytical skills allow her to see connections others might miss, offering fresh perspectives on trends that are shaping the automotive landscape.
