Summary

  • Electric cars are rapidly growing in popularity, with their market share tripling from 5% in 2020 to 14% in 2022.
  • Battery electric vehicles (BEVs) make up the majority of EV sales, with pure BEVs accounting for 73% and plug-in hybrid EVs (PHEVs) accounting for the remaining 27%.
  • Solid-state batteries are a promising technology that offers advantages such as higher energy density, faster charging times, increased safety, and improved performance in extreme temperatures. However, there are still challenges to overcome, such as high production costs and scarcity of materials.