Over the decades, industries and governments worldwide made a remarkable shift from deflecting responsibility for climate action to taking the lead in developing and competing for the best clean technologies. At the heart of this transition is the mobility sector, where Electric Vehicles are rapidly replacing internal combustion engines, not only as a key strategy for achieving net-zero emissions by 2050 but also for enhancing energy security, reducing urban pollution, and fostering sustainable economic growth. Global EV sales rose by nearly 25 percent in FY 2024, compared to FY 2023’s 14 million. This surge places the spotlight on the key component powering these vehicles: the battery. An EV’s performance largely depends on battery efficiency, which, in turn, relies on its chemistry. While there are various battery chemistries to choose from, lithium-ion batteries have emerged as the most dominant choice due to their superior energy storage, faster charging times, lower self-discharge rate and longer life span- capable of up to 1000 charge cycles. Additionally, their high electrochemical potential (up to 3.7V) and lightweight nature make them the go-to choice, balancing performance and cost.
Rethinking Circular Economy of Lithium-Ion Batteries (Manini, Observer Research Foundation)
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