EV Lead the Way for Efficient Battery Solutions Globally: Report

The increasing adoption of electric vehicles (EVs) has pushed the need for efficient battery solutions, augmented safety, and an extended life span.

Frost & Sullivan's recent analysis finds that many research institutions, battery suppliers, and key original equipment manufacturers (OEMs) are collaborating to develop future battery chemistries with effective material performance, reduced production costs, and enhanced safety.

As future chemistries (solid state, sodium ion, lithium-sulfur) evolve, they will offer improved safety, increased energy density, and fast-charging capabilities, overcoming the challenges associated with traditional Li-ion batteries.

"The automotive industry has identified several limitations in EV battery technology and is focused on bringing about a power revolution," said Aman Gupta, Mobility Research Analyst at Frost & Sullivan. "Due to this, the industry seeks advancements in terms of design, packaging, and alternative chemistries in battery packs."

Gupta added: "Metal-air batteries such as Aluminum Air (Al-Air) and Lithium Air (Li-Air) batteries are in the research process. Lithium-sulfur (Li-S), sodium-ion, and solid-state batteries are in the development stage and can be commercialized over the next five years. Further, most OEMs will invest in solid-state batteries (SSBs) manufacturers and adopt SSBs by 2030, mainly due to the high power-to-weight ratio for future EVs."