WHEN IT COMES to owning an EV, people are more concerned about brandishing an innovation in tech than addressing climate change for the future of our planet. The reality is that most people do not know how their driving habits affect nature. They simply believe that driving an EV on one charge will save them money and reduce their carbon footprint, which is true to a certain extent. However, when looking for an EV with a better range to travel further without recharge or refuelling, good battery technology should be considered before making the decision.
Battery technology
The current shift to electric vehicles is happening even faster than forecasts predicted. Asia, specifically China, has been controlling 90 per cent of the battery cell production, supplying battery cells for all purposes. This had kept the supply short and the costs high.
EVs can have two types of batteries, NAC or NMC, with lithium being common. The high-energy density of these batteries gives them better performance. As GM is experimenting with its cheaper Ultium batteries and other innovations by competitors, the costs are bound to go down.
This story is from the September 10, 2022 edition of Businessworld India.
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This story is from the September 10, 2022 edition of Businessworld India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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