Growth of the electric car industry could be accelerated with innovation in lithium-ion batteries, although the market is waiting for technology which is long-lasting, affordable, quick-charging and safe.
Governments and large battery manufacturing firms in Asia are making huge R&D investments in next-generation battery technology. However, in the US, much of the up-to-date research is being performed at Department of Energy and universities.
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The San Francisco Bay Area has emerged as one of the leading centres of battery innovation, with the area home to Palo Alto-based Tesla Motors, Lawrence Berkeley National Laboratory and more than 20 battery companies.
Less-expensive electric cars are also available in the market but the range is very limited.
Renault-Nissan CEO Carlos Ghosn, said: “The perception of range anxiety is a real challenge for us. People are anxious because it is a double dip – the range is limited, and then if I am stuck, where can I charge?”
Venkat Srinivasan, a scientist who leads the Batteries for Advanced Transportation Technologies team at the Berkeley lab, said: “To make a good battery is incredibly hard, and to mass-produce it is even harder.
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By GlobalData“If you shoot for one improvement, you usually lose out on something else, and you can’t compromise on safety. If we could double the energy density that would be a huge breakthrough.”
