EV battery tech heading in a new, smaller direction
Like most new technologies, electric vehicles were first marketed toward the wealthy. That deep-pocketed audience drove automakers to produce bigger EV batteries with more and more range. But to successfully transition the whole culture to EVs, they also needed to get cheaper.
Rather than the 20-50 minute charging times of 300-mile-range batteries, these batteries will last around 150 miles and be able to recharge in five to 10 minutes.
Automakers already plan to use smaller electric car batteries
While the focus on marketing EVs still seems to be on extended battery ranges, many prominent automakers are shifting their focus toward these new, smaller, cheaper options.
Ford’s CEO Jim Farley says it’s the target for the company’s next generation of EVs is coming in 2026. "Re-engineering the vehicle to minimize the size of the batteries is going to be a game changer," he said at a conference in June.
At the same time, Mercedes-backed battery startup StoreDot and others are using silicon-carbon anodes to speed up charging times.
Smaller electric car batteries mean cheaper electric cars
Batteries are by far the most expensive part of any electric vehicle. Replacing a Tesla’s battery, for example, costs upwards of $10,000. Dropping that cost will go a long way toward helping automakers lower the sticker prices of their EVs.
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