Solid state battery bill gates8/7/2023 ![]() Here are some of the world's largest carmakers outside China that have renewed their push into solid-state batteries. (OTCPK:NSANY)among others, now doubling down on solid-state batteries. solid-state market is about to seriously charge up, with ICE heavyweights General Motors (NYSE:GM), Toyota Motor Corp. In fact, solid-state batteries are often viewed as the "Holy grail" of sorts in the battery industry.Īnd now the U.S. That means more powerful batteries without extra space, or more compact battery packs without compromising on power, longer-range electric cars, and lighter EVs. Solid-state batteries promise some two to ten times the energy density of lithium-ion batteries of the same size, thanks mainly to the solid electrolyte having a smaller footprint. Solid-state batteries use a solid electrolyte that can take the form of ceramics, glass, sulfites or solid polymers as opposed to the liquid or polymer gel one found in conventional lithium-ion batteries. Over the past few years, EV makers have been touting solid-state batteries as the next breakthrough in EV technology, often quoting insane performance and range. ![]() Capacity and ability to deliver peak charge deteriorates over time they bleed a lot of heat and require weighty cooling systems to be integrated into their design, and the batteries can explode or catch fire if damaged in an accident thanks to the flammable liquid they contain. Still, Li-ion batteries come with a suite of clear disadvantages. By 2023, the cost of Li-ion batteries is expected to fall to around $100/kWh -low enough for EVs to achieve price parity with their gas-powered brethren. The battery pack is the most expensive part of an electric vehicle, and the sticker prices of EVs have been falling along with declining battery costs. ![]() According to Wright's Law, aka the learning curve effect, lithium-ion (Li-ion) battery cell costs fall by 28% for every cumulative doubling of units produced. With the global electrification drive in full swing, electric cars have constantly been improving in terms of mileage, performance, charging time-and costs.Īnd, Wright's law has so far proven to be right.
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