Improved Battery Technology May Quell EV Range Anxiety by 2025
Range anxiety plagues many in America, causing a large number of people to hesitate to make the switch to an electric vehicle. While many know the change would help the environment, the overarching fear of running out of juice on the highway or in the middle of nowhere keeps them from committing to an EV. But according to a study from global tech market advisory firm ABI Research, significant improvements in battery technology may help calm those fears in the near future.
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To alleviate this anxiety over electric vehicle range, the batteries must have four qualifications: safe, cheap, quick-charging, and high-energy (for longer range). Without these four components, the EV market will continue to plateau. But with advancements with cell technology, the analysts at ABI Research are certain a solution is near.
Principal ABI Research Analyst James Hodgson noted, “Recent research around lithium-based chemistries has revolved around using different lithium-based batteries to provide better fire resistance, quicker charges, and longer life spans.” Currently, the standard battery for EVs is comprised of Lithium-ion, but they have a history of overheating combined with short life cycles. Obviously, this doesn’t bode well with consumers.
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The key to improving battery life, says Hodgson, is to add silicon to the mix. He says more and more batteries will have silicon-dominant anodes and will help to increase the energy densities, thus creating longer range capability. According to ABI Research, it predicts EV range anxiety will reduce enough that by 2025, 40 million consumers will be driving electric vehicles.
Source: ABI Research
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