Solid state battery installations forecast in Europe and USA
Car manufacturers see solid-state batteries as the next generation of electric vehicle battery technology. Solid-state battery technology has great potential-higher safety, longer cruising range, shorter charging time, and ultimately lower achievable cost. Bloomberg New Energy Finance estimates that since the current cost of solid-state batteries is still relatively high, the technology will first be applied to high-end electric vehicles in the future, and then gradually extended to more mainstream models after 2030 as the cost decreases.