Challenges and Advancements in Electric Vehicle Battery Technology
Electric vehicles (EV) adoption is increasing with each passing day. These are electrically powered vehicles that use traction motor or electric motor for propulsion. The International Energy Agency projected that by 2030, around 30 percent of all cars on the road are expected to be battery-powered electric vehicles.
While North America and Europe remain significant revenue contributors in the global EV market, Asia is expected to be the most attractive market over the next decade led by China, India, Indonesia and Korea. Market analyst IHS Markit estimated that global EV sales will exceed 12 million units by 2025 with almost five million orders coming from China alone.
While there are still challenges that EVs need to overcome, these forms of vehicles are here to stay. As battery technologies continue to evolve, so too must consumer education and market knowledge around EVs and their capabilities. You can read more on the progress of battery technology and ongoing research at Using In-Situ Laboratory and Synchrotron-BasedX-ray Diffraction for Lithium-Ion Batteries (pdf) and Accessing the bottleneck in all-solid state batteries, lithium-ion transport over the solid-electrolyte-electrode interface | Nature Communications (pdf).
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Sources:
- Electric Cars Gain Traction, But Challenges Remain
- A new EV battery shows big promise | Greenbiz
- Electric car batteries with five-minute charging times produced | Electric, hybrid and low-emission cars | The Guardian
- 2020 roadmap on solid-state batteries – pdf
- Electric Vehicle Market to Register Growth 40.7% by 2027
- IHS Markit forecasts global EV sales to rise by 70% in 2021 | IHS Markit
- Toyota’s game-changing solid-state battery en route for 2021 debut – Nikkei Asia