December 16, 2024
Why EV Manufacturers Need to Address Battery Challenges
By 2030, the market value of the electric vehicle industry is expected to surpass $1.1 trillion but this comes with several challenges that the industry is still mitigating including battery solutions. As batteries constitute efficient 30-40% of an EV’s total cost, they remain a significant obstruction in EV adoption. The industry’s growing demand for raw materials,…
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