Electric Vehicles Lead the Way for Efficient Battery Solutions Globally
SAN ANTONIO, Aug. 11, 2022 /PRNewswire/ -- The increasing adoption of electric vehicles (EVs) has pushed the need for efficient battery solutions, augmented safety, and an extended life span. Frost & Sullivan's recent analysis finds that many research institutions, battery suppliers, and key original equipment manufacturers (OEMs) are collaborating to develop future battery chemistries with effective material performance, reduced production costs, and enhanced safety. As future chemistries (solid state, sodium ion, lithium-sulfur) evolve, they will offer improved safety, increased energy density, and fast-charging capabilities, overcoming the challenges associated with traditional Li-ion batteries.
- Electric vehicle manufacturers will adopt future chemistries over the next 5-7 years to overcome range anxiety and cost issues, says Frost & Sullivan
SAN ANTONIO, Aug. 11, 2022 /PRNewswire/ -- The increasing adoption of electric vehicles (EVs) has pushed the need for efficient battery solutions, augmented safety, and an extended life span. - Frost & Sullivan's recent analysis finds that many research institutions, battery suppliers, and key original equipment manufacturers (OEMs) are collaborating to develop future battery chemistries with effective material performance, reduced production costs, and enhanced safety.
- "Due to this, the industry seeks advancements in terms of design, packaging, and alternative chemistries in battery packs."
- To reap the benefits of future chemistries and more effective battery solutions, battery manufacturers should:
Include multiple chemistries such as solid-state, sodium ion, and Li-ion instead of prioritizing single chemistry.