Rasheed BisiriyuToyota says it is ready to spend $10bn to lead the electric vehicle production and sale globally from next year. Nigeria may also be a beneficiary of the huge investment with the commitment of the National Automotive Design and Development Council towards the sale of electric vehicles in the country. A report by an online auto journal, Automotive News, quoted the automaker as confirming the N10bn EV investment. Solid-state batteries have less vulnerability to temperature extremes and promise two to three times the energy density of existing EV batteries. Terashi said the upcoming EV batteries needed to have much higher energy capacity than the batteries typically used in Toyota’s hybrids.

Source: Punch December 26, 2017 23:03 UTC