Could Sodium-Ion Batteries Provide EV Tipping Point?

With several countries around the world looking to replace the fossil fuel-powered vehicles on their roads with zero-emission electric vehicles (“EVs”), the battery technology space is poised to be a major sector. Presently, electric vehicles are powered by rechargeable lithium-ion batteries, but many experts doubt whether the battery makers will be able to make enough EV battery packs to support an influx of electric vehicles. This is because the minerals that are used to build li-ion batteries such as lithium and cobalt are quite scarce, and since the industry hasn’t figured out an effective way to recycle these batteries from end-of-life EV batteries, their supply is bound to run out in the future.

Consequently, auto companies and battery makers have invested plenty of money and time into developing a cheaper EV battery that can support mass EV adoption. A Chinese company seems to have found a formulation that requires less-expensive raw materials and won’t run into supply line shortages in the future. Contemporary Amperex Technology Co. (“CATL”), the largest battery manufacturer in the world, unveiled a sodium-ion battery back in July that uses sodium, which is much more abundant in nature than lithium, in its formulation. A month later, the Chinese Ministry of Industry and Information Technology announced…

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