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Electric vehicle battery performance is becoming ever more crucial as the EV market rapidly evolves. Changing tariffs and incentives for EV manufacturers and consumers, along with variable adoption rates of electric car ownership in different territories, are creating a more nuanced global ecosystem.
Sales of EVs are rising in markets such as the US and China but at a lower rate than at the turn of the decade. In Europe, rates for hybrid purchases are higher than for electric-only cars. As economic pressures increase, it is imperative that battery suppliers demonstrate their pivotal value to automakers or risk losing their market share to competitors.
From a commercial standpoint, lithium-ion…
