The electric vehicle market is set to be disrupted by solid-state batteries, which have 2.5 times the energy density of their lithium-ion counterparts, according to Frost & Sullivan's Global Electric Vehicle Market Outlook report. It said reductions in battery prices, increased regulations and continued high demand from China could see EV sales reach 25 million units by 2025. Tesla has been working on a new version of its Model S sedan that will include an advanced lithium polymer battery, but it hasn't yet revealed any details about how much power it'll pack into it.
The electric vehicle market is set to be disrupted by solid-state batteries, which have 2.5 times the energy density of their lithium-ion counterparts, according to Frost & Sullivan's Global Electric Vehicle Market Outlook report. It said reductions in battery prices, increased regulations and continued high demand from China could see EV sales reach 25 million units by 2025. However, headwinds to the sector included a lack of standardised infrastructure, as well as high sales costs and low resale costs.