In a major announcement that could transform the future of electric vehicles (EVs), Toyota Motor Corporation, the Japanese automotive giant, recently revealed plans to cut in half the size, weight, and cost of its EV batteries. This ambitious goal follows a significant breakthrough in Toyota's solid-state battery technology, which could potentially usher in a new era of electric mobility.

Keiji Kaita, president of Toyota's research and development center for carbon neutrality, stated on Tuesday that simplifying the production process for battery materials would considerably bring down the cost of the company's long-anticipated next-generation technology. This move is designed to address one of the major challenges currently facing the automotive industry — making EVs more affordable and accessible for the average consumer.