Solid-state battery technology promises to revolutionize electric vehicles by offering longer range, faster charging times, and enhanced safety. While still in development, experts predict that solid-state batteries will begin appearing in luxury vehicles by 2030, potentially ushering in a new era of electric transportation.
Results for: Solid-State Batteries
The global automotive battery market is expected to reach US$ 52.71 billion in 2024 and is projected to grow at a CAGR of 6.1% between 2024 and 2034, driven by the increasing demand for electric vehicles and hybrid technology. Advancements in battery technology, such as solid-state batteries, are further fueling market growth, offering enhanced safety, faster charging times, and improved energy density.