Industry UpdatesToyota Opens Nearly $50M Michigan Battery Lab to Test What Comes Next
Toyota's new $50 million lab in Saline, Michigan, will test battery cells, modules, and packs, including the solid-state batteries Toyota hopes to launch by 2028.
*Assumptions: 13,500 miles driven annually; 60 monthly payments; 6.63% interest rate for new vehicles; 11.38% interest rate for used vehicles; does not include incentive savings. Energy costs are $0.166/kWh and $4/gallon. Estimated vehicle prices are based on historical pricing data from Driveway.com and the manufacturer's suggested retail prices. Emissions, charge times and vehicle efficiency are based on EPA estimates. PHEVs assume 7% of driving on electricity and 93% on fuel.