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Why NEW graphene technology will revolutionize the electric vehicle battery market!
A new artificial intelligence analysis is predicting a true revolution in the electric vehicle battery market. Contrary to what was thought, the big bet is not on solid-state batteries, but on graphene.
The electric vehicle market is in a frantic race to find the perfect battery: affordable, efficient, safe and environmentally friendly. Today, most electric vehicles use lithium-ion batteries, but that could soon change.
Graphene batteries will be the next big technological leap
A study by Focus, an artificial intelligence company, predicts that graphene batteries will be the next big technological leap. Research indicates that the cost of producing graphene, an essential material for these batteries, is expected to fall dramatically by 2030.
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Graphene is a form of carbon with exceptional properties: it is incredibly light, strong and conducts electricity very well. These characteristics make it ideal for electric vehicle batteries, which will be able to store more energy, last longer and charge faster.
Jar Vanan, CEO of Focus, says: “Graphene has the potential to revolutionize the electric vehicle industry and make electric cars even more attractive to consumers.”
Ideal battery for electric vehicles
Focus uses a three-pronged approach with artificial intelligence to analyze emerging battery technologies. First, advanced language models mine global patents for promising new ideas. Then, a real-time innovation tracker monitors the latest discoveries in the field. Finally, multivariate regression techniques predict the future performance of these technologies.
According to Kapper Gorski, head of operations at Focus, the ideal battery for electric vehicles must balance energy density, safety, cost and sustainability. Graphene appears to be the technology that comes closest to achieving this balance, with significant improvements year after year.
Producing graphene costs around $200 per kilogram
The biggest challenge to the mass adoption of graphene is the production cost. Currently, producing graphene costs about $200 per kilogram, but this is expected to drop to $1 per kilogram by 2031. When that happens, graphene batteries could dominate the market.
Around 300 organizations are actively developing graphene technologies. Among them, Global Graphene Group stands out, especially after a strategic merger that promises to accelerate research and production of advanced batteries for electric vehicles. Another company, StoreDot, is ready to begin mass production of its innovative battery cells that offer 100 miles of range on just 5 minutes of charging.
With a 48,8% annual improvement in graphene battery technology, the revolution is closer than ever. If production costs actually fall as predicted, graphene will not only transform electric vehicles, but also significantly contribute to reducing greenhouse gas emissions, benefiting both drivers and the environment.
