Significant developments in electric vehicle (EV) battery technology over time have opened the door to a more sustainable and environmentally friendly transportation future. We see a dramatic breakthrough in EV battery technology in 2024, marked by creative designs, increased efficiency, and a strong dedication to sustainability.
BYD is launching a new Blade EV battery next year to power its next wave of vehicles. China’s EV giant confirmed the advanced batteries will unlock even more driving range for its next-gen electric cars. It’s been over four years since BYD’s battery unit FinDreams launched the first Blade battery in 2020.
Because lithium-ion batteries are able to store a significant amount of energy in such a small package, charge quickly and last long, they became the battery of choice for new devices. But new battery technologies are being researched and developed to rival lithium-ion batteries in terms of efficiency, cost and sustainability.
But new battery technologies are being researched and developed to rival lithium-ion batteries in terms of efficiency, cost and sustainability. Many of these new battery technologies aren’t necessarily reinventing the wheel when it comes to powering devices or storing energy.
The biggest concerns — and major motivation for researchers and startups to focus on new battery technologies — are related to safety, specifically fire risk, and the sustainability of the materials used in the production of lithium-ion batteries, namely cobalt, nickel and magnesium.
Expect new battery chemistries for electric vehicles and a manufacturing boost thanks to government funding this year. BMW plans to invest $1.7 billion in their new factory in South Carolina to produce EVs and their batteries. AP Photo/Sean Rayford Every year the world runs more and more on batteries.