Insufficient driving range has always been one of the key factors limiting the widespread adoption of pure electric vehicles. This is because the energy density (the amount of energy stored in a given volume or mass) of lithium-ion batteries is only 1/50th that of gasoline batteries. Solid-state batteries, on the other hand, increase this by 34 times. The adoption of newly developed solid-state batteries will increase the driving range of the RAV4 EV by at least three times, reaching over 500 kilometers, marking the first time it will match the driving range of a typical gasoline vehicle.
Solid-state batteries have obvious advantages. First, the liquid in lithium-ion batteries is unstable, while solid electrolytes are very stable. Second, solid-state batteries are not only small in size and have a large capacity, but they are also relatively inexpensive to manufacture.
A recent report by Lux Research states that solid-state battery technology will replace lithium-ion battery technology as the mainstream in the field of electric vehicle batteries by 2030.
According to Pluincars, a Lux report indicates that solid-state battery technology is expected to make a breakthrough in 2020, further surpassing lithium-ion battery technology in terms of cost, energy density, and processing. By 2030, lithium-ion batteries will no longer be the mainstream battery for electric vehicles, but they will still have a place in certain electronic components.
To effectively reduce the cost of electric vehicles, many automakers are investing in research on next-generation lithium-ion battery technology. However, a report by Luxshare Precision suggests that battery development in the consumer electronics sector is more beneficial for advancing next-generation lithium-ion battery technology. Consumer demand for smaller, denser, and faster-charging batteries is the biggest driving force behind this trend.
