Toyota plans to create and release an entirely electric car with extended driving capabilities and reduced charging time by 2022, a press release on the NY Auto Giant website said.
The new electric car will have solid-state batteries rather than the lithium ion batteries currently in use. The new solid-state battery can be completely recharged within minutes, the release said. Lithium ion batteries take 20 to 30 minutes to recharge.
Current electric vehicles can travel 185 to 250 miles on one battery charge. Toyota aims to extend this significantly with the new vehicle.
"There's a pretty long distance between the lab bench and manufacturing, 2022 is ages away, and a lot can change in the meantime," Christopher Richter, CLSA automobile analyst, said in the release.
Toyota also plans to release electric vehicles in China in as few as two years. China is the largest automotive market in the world, according to the release.