Electric cars are improving constantly in terms of range, performance and charging time – but there’s still a lot of room for improvement. While the number of hybrid cars is only likely to increase, fully-electric vehicles aren’t quite ready overtake the internal combustion engine.
That’s because most EVs and hybrids rely on electric motors powered by lithium-ion batteries, using the same tech that powers smartphones and laptops. Essentially an evolution on chemical batteries, lithium-ion batteries work well in EVs, but there are better solutions.
Ilika plc (LON:IKA) is a pioneer in materials innovation and has been inventing new materials for energy and electronics applications for over a decade. Global brands such as Rolls Royce and Toyota have long term collaborations with Ilika’s development teams.
