Cheaper Batteries for EVs Are At least 10 Years Away
When electric vehicles are anticipated as the future of the world’s auto industry, the consumers come with two basic questions – battery replacement cost and their life?
Coming to life, batteries’ performance reduces with time, and the process is named “calendar aging” – the way human life declines – again, the aging process. As per experts, typically, batteries last for 8-10 years; the span can be extended if used with proper care.
When it comes to how much the replacement of these batteries costs? Depending on the model of the electric car, it can cost you between $4,000 to $20,000. And, if you own an electric vehicle, this will be a major part and to some extent, the only maintenance cost.
Cheaper Car Batteries?
Answering the question regarding cheaper batteries, StoreDot, a fast-charge battery tech company, comes with some revelations. The company has stated that mass production of batteries doesn’t seem the near process – the industry may take at least 10 years to embark on this new phase. Until then, the global car makers will have to take semi-solid into account.
StoreDot added that they are working on the process to come up with fast, safe charging solid-state batteries, but it can be a difficult task before producing at a mass level. Moreover, the company hopes to start mass production by 2028.
The company’s CEO Dr. Doron Myersdorf said, “It’s crucial that leading battery developers like StoreDot give global automotive manufacturers a realistic and hype-free roadmap for the introduction of extreme fast-charging battery technologies. Right now, despite some of the bullish claims by our rivals, all-solid-state batteries are still at least 10 years away. There is certainly no silver bullet for any vehicle maker currently developing fast charging electric vehicle architectures.”
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