Electric vehicles (“EVs”) are poised to replace internal combustion-engined vehicles over the next few decades. Powered by rechargeable electric batteries, EVs produce zero emissions at the tailpipe and are relatively cheaper to run and maintain over the long run. However, they are still a long way from widespread adoption, a fact that could be attributed to high upfront costs as well as worries about range. A recent survey found that most U.S. consumers are held back by price and the fear of running out of juice between charging stations.
According to Doug Campbell, co-founder, and CEO of Solid Power, an industry-leading developer of next-generation, all-solid-state batteries (“ASSBs”), these concerns may soon be a thing of the past thanks to the firm’s innovative battery technology. Campbell and his company have been working for the last eight years on a new kind of battery for electric vehicles. Traditionally, EVs are powered by “wet” lithium-ion batteries that use a liquid electrolyte to ferry charged ions from the cathode to the anode. While the liquid electrolyte…
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