Graphene looks set to disrupt the electric vehicle (EV) battery market by the mid-2030s, according to a new artificial intelligence (AI) analysis platform that predicts technological breakthroughs based on global patent data.
Graphene-based batteries represent a revolutionary leap forward, addressing many of the shortcomings of lithium-ion batteries. These batteries conduct electricity much faster than conventional battery materials, offer a higher energy density, and charge faster because of Graphene.
Using low-cost graphene in the cathodes enhances charge rates and energy density in batteries, making this technology a game-changer for the industry. This approach helps cut lithium-ion battery charging times in half and reduces manufacturing costs by 12%. CEO Joe Stevenson is leading this startup.
According to Focus, there are around 300 organisations currently working on graphene battery technology. Of the top ten companies best positioned to disrupt the battery market with graphene, Focus ranks Global Graphene Group as the leader.
Lithium batteries also have concerns over durability and safety, including risks of overheating and fires. Graphene-based batteries represent a revolutionary leap forward, addressing many of the shortcomings of lithium-ion batteries.
Graphene is currently produced at around $200,000 per ton, or $200 per kilogram (kg). It is difficult to predict how cheap production needs to be before manufacturers start to use it in their batteries, but Focus believes this will happen when graphene becomes comparable with lithium.