There’s more disruption brewing for the mobility industry as electric vehicles (EVs) continue to surge ahead in top gear.
According to Frost & Sullivan’s recently released “Global Electric Vehicle Market Outlook 2018,” global sales are poised to climb from 1.2 million in 2017 to 1.6 million in 2018 and further upwards to an estimated 2 million in 2019. It’s not all smooth driving though as the EV industry needs to overcome major challenges related to battery technology and charging infrastructure, both of which have failed to match the cracking pace set by EVs.
Low-cost New Chemistry Batteries, Fast Charging is the Way Forward
As one of the linchpins of the EV industry, battery technology has been the focus of sustained innovation. Initiatives to develop low- cost, fast charging battery technologies that support long range use looked set to yield promising results. In 2017, car manufacturers targeted higher battery capacities of over 60 kWh that increased the range of an EV up to 200 miles on a single charge.
In the meantime, riding on the back of claims that they are safer and have over double the energy density of lithium ion batteries, solid state batteries have emerged as potential game changers for future battery chemistries. Leading car manufacturers including BMW and Toyota have already begun developing solid state batteries for their i-series and Lexus models.
Read more: Forbes