26/12/2020
The coming decade is expected to be the decade of the fully electric car. With battery prices reportedly falling 73% since 2010, electric cars are expected to be as cheap as fuel-powered cars in the foreseeable future. The International Energy Agency cites that by 2020 up to 20 million electric vehicles will ply the road, a number that is expected to go up to 70 million by 2025. Countries around the world are waking up to the potential of e-mobility. While China is incentivising e-mobility with tax breaks, EV credit policies, research subsidies and more, countries like the UK, France, Norway and India are looking to adopt e-mobility at a larger scale, having expressed the desire to phase out petrol and diesel engines entirely in the coming decades.
The Rapid Growth of Lithium-ion Batteries (LiBs)
With the proliferation of EVs, smart phones to laptops and storage of green energy production, lithium-ion batteries are gradually witnessing a rapid growth. Innovative battery designs, chemistries and cell formats are being introduced for power performances in order to meet the advanced needs of products today.
These batteries, often called LiB, are rechargeable and with higher energy capacity thus allowing on-the-go consumers to keep using devices without replacing the batteries or frequently charging them.
Enabling Safety While Accelerating Innovation…
Currently, the Indian government is contemplating incentivizing manufacturers to set up facilities for making lithium-ion batteries in the country. In a bid to develop low-cost lithium-ion batteries in India, efforts are being made to remodel the battery made by Indian Space Research Organisation so that it can be used in electric vehicles.
Building a Li-ion battery pack begins by satisfying voltage and runtime requirements, followed by taking loading, environmental, size and weight limitations into account. Safety is a critical part of innovation, especially when developing new battery and energy storage solutions.
