Electric vehicle adoption appears to be waning despite their promise to help the Earth. With the average EV costing ~$55,000 USD, how many people can purchase one while honestly saying it isn’t a poor financial decision? Not as many as manufacturers banked on, evidently, as multiple have already begun scaling back production targets heading into mid-2024. Aside from the price and woeful infrastructure, there is one major reason that EVs are currently a hard sell – something better is coming.
The electric vehicle (EV) market is on the cusp of a technological revolution with the advent of solid-state batteries, promising to transform the landscape of electric mobility. This breakthrough technology is anticipated to significantly improve upon current lithium-ion batteries by boasting,
- higher energy density
- faster charging times
- enhanced safety
However, as solid-state batteries are projected to be commercially viable within the next…
