Toyota bested the old EV record, held by the Peugeot EX1, with a time of 7.49:47.

Toyota seized the lap record for an electric vehicle on the famous 12.93-mile Nürburgring Nordschleife track in Germany yesterday.

With a time of seven minutes, 47.79 seconds, the Toyota Motorsport GmbH (TMG) EV P001 bested the previous electric vehicle record of 9 minutes, 1.33 seconds held by Peugeot's EX1. To put it in context, the EV's lap time is roughly on par with that of a current-gen Porsche 911 Carrera S.

The TMG EV P001 set the the record with the help of a pair of electric motors - running off lithium-ceramic batteries "" generating a combined 375 horsepower. The car has a top speed of 161mph, which is nearly double that of the EX1. It weighs in at just 2,138 pounds.

Toyota hopes the impressive performance will help spark interest when it starts the commercial sale of powertrain components like those used in EV. The lessons learned during the record run should also help improve future electric-powered Toyota's.

"We wanted to learn more about the operation of our electric powertrain in extreme circumstances; in motorsport there is no more extreme circuit than the Nürburgring," said Pascal Vasselon, TMG's Technical Director. "On the record lap the TMG EV P001 performed better than in testing due to the improvement we already could make based on that experience. We have enhanced our electric powertrain development thanks to the information our engineers have gained and our future EV products will benefit from this project."

Have a look at the TMG EV P001's record run below.