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Benchmark: EVs this decade unlikely to use solid-state batteries due to cost

Most electric vehicles (EV) are unlikely to use more powerful solid-state and lithium-metal batteries this decade as the technology will struggle to compete on costs, according to Benchmark Mineral Intelligence.

Lithium metal battery production capacity is set to reach 260 GWh by 2030, based on the current pipeline, as startups commercialize next generation technologies according to data from Benchmark’s Solid-state Battery & Lithium Metal Anode Report. But that won’t be enough to push costs below conventional lithium ion batteries used in EVs, according to the Benchmark analysis.

“Unless solid-state can achieve cost parity, the promised benefits may not be sufficient for a technology shift in the mass-market electric vehicle segment,” according to the report.


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