Summary

  • Electric vehicles (EVs) have gained significant traction in the global automotive industry, with EV sales reaching 14% of global passenger car sales in 2022.
  • Battery electric vehicles (BEVs) currently dominate the EV market, accounting for 73% of EV sales in 202
  • Solid-state batteries are seen as the next breakthrough in EV battery technology.
  • Solid-state batteries offer several advantages over traditional lithium-ion batteries, including higher energy density, improved safety, shorter charging times, a wider range of operating temperatures, and a longer lifespan. Despite some challenges, solid-state batteries have the potential to revolutionize the EV industry.