Porsche Consulting has highlighted the significant potential of solid-state batteries, emphasizing their advantages over the current lithium-ion (li-ion) batteries. According to their report titled “The Race for Solid-State Batteries,” published in the “Porsche Consulting Magazine,” there is a strong future for these technologies in terms of development and safety.
The report predicts that by 2030, the global battery capacity will exceed 5.5 TWh, with two-thirds of this capacity being used in the production of passenger vehicles. Despite a significant increase in the production of lithium-ion batteries, solid-state batteries are emerging as a formidable competitor, offering longer range, faster charging times, and greater safety due to the use of a solid electrolyte.
The journey towards commercialization of solid-state batteries is still long, but their advantages make the pursuit worthwhile. Furthermore, their development could enable Europe to become more competitive in the e-mobility market, which has been predominantly dominated by Asian corporations.
However, there are challenges to overcome, including product and material improvements, scaling up production, vehicle integration, supply chain development, cost reduction, and financing. Solving these issues could elevate the solid-state battery market to a value of 400 billion euros by 2035.
Initially, solid-state batteries are expected to be used in the premium sector due to high production costs, with their market share projected to increase to 5-15% of electric vehicles by 2035. While it is too early to predict the complete replacement of li-ion technology, the advancement of solid-state batteries marks an important step towards the electrification of transportation.
FAQ
How do solid-state batteries differ from lithium-ion batteries? Solid-state batteries use a solid electrolyte instead of a liquid one, offering longer range, faster charging, and increased safety.
What are the main advantages of solid-state batteries? They provide higher energy density, which translates to longer vehicle range, reduced charging time, and enhanced safety features.
What challenges must be addressed before solid-state batteries can be commercialized? Key challenges include improving the properties and materials, scaling up production, integrating with vehicles, establishing supply chains, reducing costs, and securing development financing.
Will solid-state batteries replace lithium-ion batteries? Though solid-state batteries have numerous benefits, it is premature to claim they will completely displace li-ion batteries in the coming decades. Both technologies are likely to coexist, improving the efficiency and safety of power systems in the future.