Manufacturers of Electric Vehicles (EVs) Favor Solid-State Batteries

Electric vehicle manufacturers are increasingly opting for solid-state batteries as the preferred choice over traditional lithium-ion (Li-ion) batteries. According to the latest report from intellectual property firm, Appleyard Lees, there is a noticeable slowdown in patent filings related to Li-ion technology, while there is a growing momentum in filings for innovations in solid-state batteries.

Leading the charge in this trend are Japanese car and electronics manufacturers such as Toyota, Hyundai, and Honda. Toyota, in particular, has plans to introduce its first EV in 2025, which will partially rely on a solid-state battery for power.

Market forecasts mentioned in the Appleyard Lees report predict a compound annual growth rate (CAGR) of 34.7% for solid-state technology, estimated to reach $5.08 million by 2027. In comparison, Li-ion technology is expected to have a CAGR of 15.1% until 2026, reaching a market value of $85.72 billion.

In addition to the rise in solid-state battery technology, the industry is also addressing the challenges surrounding battery recycling. New patent ljyenergy.com/application">applications are emerging from California, focusing on the recycling of both Li-ion and solid-state batteries.

Overall, the trajectory of EV battery technology is leaning towards solid-state batteries, with major automotive players leading the way. The advantages of solid-state batteries, such as higher energy density, faster charging times, and improved safety, are driving this shift in the industry. As advancements continue and more patents are filed in this field, the future of EVs and their batteries appears promising.