Solid-state batteries set to transform the EV market

Sales of battery-electric vehicles have begun to accelerate and, by some estimates could account for as much as half of the U.S. automotive market by 2030. But not everyone is convinced, skeptics pointing to their higher cost, limited range, slower charging times and other limitations.

But a growing number of automakers believe help is on the way in the form of next-generation solid-state batteries. This new technology could provide the critical push that makes BEVs as easy and cost-efficient to own and operate as today’s gas-powered vehicles.

Ilika plc (LON:IKA) is a pioneer in solid state battery technology enabling solutions for applications in Industrial IoT, MedTech, Electric Vehicles and Consumer Electronics.

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