Sunday, January 29, 2023

Adding a dash of salt to electric vehicle battery arms race ⭐

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Despite the dominance of lithium as the key element to make electric vehicle batteries, several other technologies too are emerging. The world powers are running to grab the chunk of the new energy technology market. While the media is focused on the geopolitical tensions between the US-NATO, its allies in Japan and parts of Asia on one side and the China-Russia axis on the other side, there is another global war brewing – it’s the arms race over control over battery technologies for Electric Vehicles (EVs). EV sales are growing exponentially over the years. Now a grain of salt is being added to spice up this arms race, a technological breakthrough in sodium-ion (Na-ion) batteries raises hopes of ending the Chinese stranglehold on lithium-ion batteries which power EVs today. Worldwide EV sales hit 6.6 million in 2021, almost doubling from t...

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