We may have a game-changing new technology in the electric vehicle sector. 

This week, Japanese automaker Toyota Motors (NYSE: TM) said it had greatly simplified the process of making solid-state batteries for electric vehicles, an elusive technology that has thwarted research departments for years. If viable, the solid-state batteries could bring major improvement to Toyota's electric vehicles by improving driving ranges, charging times, and costs. The largest carmaker in the world -- it sold over 10 million vehicles last year -- has been behind the eight ball when it comes to rolling out electric vehicles, making this breakthrough a potentially huge deal for the transition from internal combustion engines to climate-friendlier battery-powered cars.

Here's what electric vehicle investors need to know about these new solid-state batteries from Toyota. 

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Source Fool.com