Electrr.com’s Post

New EV battery goes 1 million miles, handles extreme -22°F to 149°F

Unreal Range! New EV Battery Goes 1 Million Miles and Braves -22°F to 149°F A game-changing EV battery was just unveiled by Farasis Energy. These new lithium-ion batteries can operate in extreme temperatures from -22°F to 149°F with normal performance. Even more impressive, the battery can supposedly achieve over 1 million miles (5000+ cycles) at 70% capacity - nearly double current EV cells. Farasis credits breakthroughs in semi-solid-state electrolytes for the longevity. While million mile range claims should be taken with skepticism, the thermal tolerance alone could be a big advantage for EVs, especially in cold climates. If the cycle life improvements also pan out, it would be a major advancement towards batteries that match the lifespan of the car. This potentially slashes EV total cost of ownership. However, as with any battery claim, we'll have to wait and see how the cells hold up in rigorous real-world testing. But on paper, Farasis has made some audacious promises that could shake up the EV battery arena if executed properly. Exciting times ahead! #SRED #RD #innovation #funding #taxcredits #grants #FutureTech #JonIrwin https://lnkd.in/gCRGCH73

Although the #electricvehicle (#EV) industry is expected to experience a significant slowdown in 2024, significant progress has been made over the past decade in the popularization of electric vehicles. A study by Finbold, utilizing data from the #InternationalEnergyAgency (#IEA), found that global electricity demand due to EV use will soar by 3,630.77% from 2,600 gigawatt-hours (GWh) per year in 2013 to 97,000 GWh in 2023. Additionally, projections based on the #StatedPolicyScenarios (#STEPS) indicate that by 2030, the global demand for electricity generated by the adoption of electric vehicles will grow by an additional 631.96% to 71 trillion kilowatt-hours (kWh). China Leads Electric Vehicle Energy Demand #China is increasingly taking the lead in EV-related energy demand, as can be inferred from strong sales figures provided by Chinese electric and hybrid vehicle manufacturer #BYD Ltd. #semiconductorelectronic #automotiveelectronics #electronics #EVindustry #EVmarket #ICHOME

Gas Station Goodbye? Future EV Batteries Charge in Seconds The wait at the gas pump could become a relic of the past. Researchers in South Korea have developed a promising sodium-ion hybrid battery technology that charges electric vehicles (EVs) in mere seconds. This innovation surpasses the capabilities of current lithium-ion batteries, potentially revolutionizing the EV industry. The new technology boasts several advantages. Sodium, the key element, is abundant and cheaper than lithium. Additionally, the hybrid design offers exceptional energy density, allowing for faster charging and potentially longer driving ranges. Widespread adoption of this technology could significantly reduce charging times, making EVs even more competitive with gasoline-powered vehicles. Imagine topping up your EV battery during a quick coffee break! This advancement, coupled with lower production costs due to abundant materials, could usher in a new era of clean and convenient transportation. #snsinstitutions #designthinking #snsdesignthinkers

The study, by DriveElectric, places the U.S. as the 5th largest EV leader, and China being the overall largest. https://bit.ly/47RCuex #fenderbender #collisionrepair #EV #EVbattaries

A report by Allied Market Research shows that the global electric vehicle (EV) market is expected to reach $802 billion by 2027, with an annual growth rate (CAGR) of 22.6% from 2019 to 2027. Several factors, including government incentives, declining battery costs, better performance, and range, drive the EV market. The Asia-Pacific region is expected to be the largest EV market by 2027. This is due to the strong demand for EVs in China, which is the world's largest EV market. China is expected to account for over half of the global EV market by 2027. Other major EV markets include Europe and the United States. Europe is expected to be the second-largest EV market by 2027, followed by the United States. #funfact #funfactfriday #renewableenergy #renewableresources #electricvehicle #sustainability #finulent #finulentsolutions

Battery 🔋 cost can account for as much as 32% of an #ev total cost ⚡🚗. The type and chemistry of the #batteries can make a big difference in the price and performance of an EV and hence #evadoption. This infographic by Visual Capitalist compares the battery costs of different EV models. 🔢 Main types of battery cells: NCA, NCM, LFP, and NCMA 👉 NCA and NCM batteries have higher energy density and longer range, but they are also more expensive and use scarce minerals like cobalt and nickel. 👉 LFP batteries are cheaper and safer, but they have lower specific energy and are more suitable for standard- or short-range EVs. 👉 NCMA batteries are a new type that aim to reduce cobalt content and increase energy density. 💰 The battery cost can range from $6,895 for a 70 kWh LFP battery in a 2023 Ford Mustang to $25,853 for a 229 kWh NCM battery in a 2025 RAM 1500 REV. 📊 Average cost per kWh of these battery cells ranges from $98.5 for LFP to $120.3 for NCA. The $100 per kWh tipping point (where #electricvehicles are expected to reach parity with ICE vehicles in terms of upfront cost) is expected by Bloomberg New Energy Finance (BNEF) to occur in the global market in 2023. While China has reportedly seen first battery pack prices below $100 per kWh in 2020, they are influenced by local policies and supply chains. What do you think about these numbers? Do you think EV batteries will become cheaper and more efficient in the future? Let me know your thoughts in the comments below. 👇

Rho Motion Webinar: China’s Energy Transition: Domestic development & external expansion 27th March | 1pm UK time Join our China analyst team as they delve into the pivotal trends shaping the country’s EV and battery sector, providing insights on the auto market, battery technologies, recycling, energy stationary storage, and more. From exploring vast opportunities to navigating through challenges, our team will dissect the impact of regulatory changes, market dynamics, and the technological advancements driving China’s energy transition.   Register here: https://bit.ly/3TwQo1y   We will be addressing the following key questions: • China is now the largest automobile exporter in the world – how will this accelerate EV growth globally? • How are Chinese battery recyclers planning to deal with the current overcapacity issue? • What might we see in terms of new legislation, and how will this influence the growth in energy storage projects? • What role do European players have in the rollout of EV charging in China? • What are challenges facing Chinese chip manufacturers as progress is made towards autonomous driving? If you can't join us on the day, register anyway to receive a link to the webinar recording.   #EV #ChinaEV #ChinaEVMarket #EVBattery #RhoMotion

The truth is that batteries, particularly Li-Ion batteries have improved about 3% a year, and dropped in cost about 5% a year since the 1990s. Though there have been no big "breakthroughs" it has resulted in continuously better batteries for 90% less cost each decade for three decades! Amazing!!! This year, EV batteries dropped from $152/kWh to only $98/kWh! $800/kWh EWV batteries in 1008 have fallen to nearly $80/kWh in 2023. That said, the search has intensified for even better EV batteries that can not only power light duty cars and trucks, but power planes, ships, trains and medium and heavy duty trucks. This has resulted in notable breakthroughs this year. #1 CATL has announced a "condensed matter" battery with 500Wh/kg density, an energy density increase of 60% initially for aviation, going into production this year. #2 A German company announced a "production ready" solid state electrolyte that promises a safer and faster charging EV battery with an energy density increase of 2X to 2.5X! #3 A S. Korean company announced a "production ready" silicon anode that promises a cheaper and faster charging EV battery with an energy density increase of up to 10X! #4 Sodium based EV batteries with up to 200Wh/kg energy density. I expect these and other innovations and others to propel this sector to at least double EV battery energy density in 2 to 5 years making aviation and other types of EVs feasible, practical and most importantly affordable and competitive with ICEVs if not far cheaper. #sustainability #lithium #recycling #SWB #solar #wind #battery #democratization #people #opportunities #energy #future #health #climatechange #power #powergeneration #EVs #electricvehicles #pluginhybrid #sustainabletransportation #sustainabletransport #sustainablemobility #businessmodels #lifecycleassessment #lca #circulareconomy #superpower https://lnkd.in/gJTP77dH

"Rival battery technologies race to dominate electric car market" - interesting take and good (basic) overview by Financial Times on lithium-ion #batteries in general and the differences of LFP and NMC in particular. However, I am not sure about the "race" narrative used in the article. NMC seems to be set for the upper EV segment which requires superior energy density and range. Where cost is most important, i.e., the entry level EV segment, LFP will be used. In the admittedly large middle segment, the decision is probably less clear. Still, it's less of a "race" but more the ability of EV OEMs to optimize trade-offs and design, considering the very dynamic market and availability of (raw) materials. Neither "the West" nor China is locked in into one of the two technologies, but will prefer whatever is most suitable and cost competitive for the targeted application. Whether the preferred option is available at the required quantities is a different story of course. #alternativeenergy #sustainability #energy #energytransition #innovation #technology #batteries #energystorage #battery #flexibility #automotiveindustry #electricvehicles #transportation #electricvehicle #ev #emobility