Powerful Electric Car Batteries Are Available That Will Take Only Five Minutes To Charge
It is quite unusual but batteries that can be fully charged within five minutes now exist. Such batteries are being manufactured in a factory for the first time in the world. It will be a distinct development in the automobile industry because these batteries can charge electric cars as fast as filling up petrol or diesel vehicles.
Electric cars have become very important since it has a direct connection with the climate crisis. Initially, there was doubt of the sustainability of the batteries of advanced electric cars. Running out of charge during a journey was the concern of many individuals. The new lithium-ion batteries are conceptualized by the Israeli company StoreDot and produced by Eve Energy in China on standard production lines.
StoreDot has explained the superfast charging battery in phones, drones, and scooters. After the demonstration, 1000 batteries have been produced to reflect the dynamics of the technology to interested carmakers and other companies.
Daimler, BP, Samsung, and TDK have already put money in StoreDot, which has raised $130m to date. The batteries will completely fuel up in five minutes but that will only happen with much higher-powered chargers than used today.
“The number one barrier to the adoption of electric vehicles is no longer cost, it is range anxiety,” said Doron Myersdorf, CEO of StoreDot. “You’re either afraid that you’re going to get stuck on the highway or you’re going to need to sit in a charging station for two hours. But if the experience of the driver is exactly like fuelling [a petrol car], this whole anxiety goes away.”
He added, “A five-minute charging lithium-ion battery was considered to be impossible. But we are not releasing a lab prototype; we are releasing engineering samples from a mass production line. This demonstrates it is feasible and it’s commercially ready.”
The batteries that are used these days have graphite as one electrode. Lithium ions are compressed in the electrode to gain charge. But if these are quickly charged, the ions consolidate and turn into metal which will short circuit the battery.
StoreDot developed batteries without graphite and use semiconductor nanoparticles so that ions can move quickly and smoothly.
The CEO of StoreDot said, “The bottleneck to extra-fast charging is no longer the battery.”
“BP has 18,200 forecourts and they understand that 10 years from now, all these stations will be obsolete if they don’t repurpose them for charging – batteries are the new oil.”
Tesla boss Elon Musk said on Twitter, “Battery cell production is the fundamental rate-limiter slowing down a sustainable energy future.”
“I think such fast-charging batteries will be available to the mass market in three years,” said Prof Chao-Yang Wang, at the Battery and Energy Storage Technology Center in the US. “They will not be more expensive; in fact, they allow automakers to downsize the onboard battery while still eliminating range anxiety, thereby dramatically cutting down the vehicle battery cost.” Hopefully, this advancement will be fruitful in the future.
I am Jessica Gonzalez and i have over 16 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets. She is an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.
