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  • Electric Vehicles Nearing Adoption Tipping Point

    Electric Vehicles Nearing Adoption Tipping Point

    Electric vehicles are approaching the tipping point of mass adoption thanks to a combination of factors.

    Electric vehicles have been increasing in popularity, with multiple automakers committed to phasing out gasoline engines in the next decade. Even so, there are issues holding back widespread adoption, specifically cost and range anxiety.

    According to The Guardian, however, those factors are on the verge of changing, and already have in some locations. Norway, for example, saw electric cars hit 54% market share in 2020 thank, in large part, to tax breaks that made them cheaper than gasoline-powered vehicles. Continued development of battery technology is driving the price down globally, making it only a matter of time before electric vehicles are cheaper in other countries as well.

    Similarly, StoreDot has successfully demonstrated batteries that charge in five minutes. Fast-charging batteries are one of the biggest factors in alleviating range anxiety, making it possible to recharge in the same amount of time it would take to refuel a traditional vehicle.

    As The Guardian points out, experts now believe electric vehicles will become cheaper than traditional vehicles, even without subsidies, sometime between 2023 and 2025.

    While there’s still a ways to go, these factors are combining to ensure the tipping point of mass adoption occurs sooner rather than later.

  • StoreDot Demonstrates ‘5-Minute Charge’ Electric Vehicle Batteries

    StoreDot Demonstrates ‘5-Minute Charge’ Electric Vehicle Batteries

    StoreDot has achieved a significant milestone, demonstrating lithium-ion (Li-ion) electric vehicle batteries that charge in five minutes.

    Range anxiety is one of the biggest challenges to widespread electric vehicle adoption. Even with increased charging infrastructure, lengthy charging times can be an impediment to long-distance travel, such as a cross-country trip.

    StoreDot is an Israeli startup that may have the solution. The company has been working on fast-charging Li-ion batteries, ideally suited for electric vehicles. The company has now announced that engineer samples of its first-generation 5-minute charge batteries are now available.

    Dr. Doron Myersdorf, CEO of StoreDot, described the significance of the company’s technology:

    StoreDot continues to go from strength to strength as we get one step closer to making our vision of 5-minute charging of EVs a commercial reality. Our team of top scientists has overcome inherent challenges of XFC such as safety, cycle life and swelling by harnessing innovative materials and cell design. Today’s announcement marks an important milestone, moving XFC for the first time beyond innovation in the lab to a commercially-viable product that is scalable for mass production. This paves the way for the launch of our second-generation, silicon-dominant anode prototype battery for electric vehicles later this year.

    We founded StoreDot to achieve what many said could never be done – develop batteries capable of delivering a full charge in just five minutes. We have shown that this level of XFC charging is possible – first in 2019 with an electric scooter and again six months ago with a commercial drone. We are proud to make these samples available, but today’s milestone is just the beginning. We’re on the cusp of achieving a revolution in the EV charging experience that will remove the critical barrier to mass adoption of EVs.

    StoreDot’s batteries could be a game-changer for the industry, and lead to electric vehicles that are every bit as convenient as their gasoline-fueled counterparts.