3 Mar 2021
Many of you know that Toyota and Quantumscape are working on solid-state batteries. And now we have a new update on the future of Solid-State batteries and their cost vs Lithium-Ion battery cost. FutureBridge, a Dutch market analysis company that specializes in tracking and advising enterprises on the future of industries, predicts that solid-state battery cost will match lithium-ion by 2025.
That’s just four years away and if it proves to be an accurate prediction, it could change EVs for the better. This doesn’t mean the first EV with a solid-state battery will come in 2025 but is a milestone for electric vehicles. Solid-State batteries will not only allow for even faster charging but also an increased battery lifespan, as well as superior safety in the event of an accident.
FutureBridge points out that research on solid-state battery tech is accelerating as more and more companies join the race. By 2030 we should see mass commercialization of EVs with solid-state batteries.
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