Hence, the Solid-state battery play is a major technology play. It is important to also note that solid-state batteries will not just revolutionize the EV space, they will also transform the consumer electronics (especially portable electronic devices) and Wearables and medical devices segment. Jumping into this market today will be like jumping into the EV space in the early years of Tesla.Ĭheckout: Lidar Technology Stocks for the Autonomous Driving Boom Solid-state battery stocks have a huge potential that long-term growth investors can benefit massively from. EVs are revolutionizing the auto industry and solid-state batteries will revolutionize EVs. The point is before EVs can take over from ICEVs they’ve got some catching up to do, especially in the battery space where solid-state batteries are spearheading the long-term charge.Īccording to Report Linker, “the global solid-state car battery market size is projected to grow from 27,070 units in 2025 to 661,724 units by 2030, at a CAGR of 89.5%”. And EVs range, today, is yet to truly match internal combustion engine vehicles (ICEVs) mileage. Thousands of electric vehicles have been recalled by numerous EV makers due to the fire risk caused by the lithium-ion batteries used in EVs today. In the next 8 – 10 years, the Biden Administration expects that half of new vehicle sales to be EVs.Īs the world prepares for an all-electric vehicle future, it becomes even more obvious the need for a superior battery technology than obtainable today.Īnd solid-state batteries have been established as having the capacity to sustain EV battery requirements long-term. The future of the auto industry is electric and autonomous, it is so obvious that my stating it feels like a waste of ink.
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