State of Research & Development in Electric Vehicle Battery Technology

Abstract

Sustainable storage solutions are crucial to achieving deep decarbonization of the transport sector in the future, and substantial investment is being poured into research and development of battery based solutions worldwide. Efforts directed at reducing battery cost, increasing energy density, improving durability and lifetime, among other improvements, are being ramped up in a bid to rapidly enhance battery performance and affordability. This report presents a summary of commercially available EV battery technologies, as well as battery research focused on developing alternative technologies, and provides recommendations on how to strengthen industry–academia collaboration in the country.