Electric car batteries are a substitute source of power for a car as compared to the traditional car battery. These batteries are really important as it prevents major source of increased global warming and other natural problems use of electricity rather than petroleum. It is having options to cool an electric car battery—with phase change material, fins, air, or a liquid coolant. This battery uses cooling options with phase change materials like fins, air, or a liquid coolant. The greater intervention from governments is focusing attention on the electrical vehicle is boosting the market. For instance, in September 2019 India has come with electric vehicle plan by considering the point of view of NITI Aayoge as pollution in the country has become a national emergency. The electric car battery is a growing part of vehicle industries due to improved technology is the driving factor of the market.This growth is primarily driven by Rising Number of Electric Vehicle in the World Boosting the Demand of Electric Car Battery and Reduction of Fossil Fuel Reserves.
Globally, a noticeable market trend is evident Growing Fuel Prices Has Shifted Trend for Electric Vehicle. Major Manufacturers, such as Panasonic (Japan), Innolith (Switzerland), AESC (China), PEVE (Japan), LG Chem (South Korea), Lithium Energy Japan (Japan), Axion Power International (United States), Blue Energy Ltd (Australia), Electrovaya (Canada) and EnerDel, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
February 2019, Tesla has announced their acquisition with Maxwell technologies. The company acquired the Maxwell which aimed for helping the electric automaker to improve batteries and cost of the batteries. This deal will help to give a boost to the electric batteries in the market.
April 2019 Innolith Debuted Their Lithium-Ion Electric Car Battery With 600mile Range. This Is Switzerland Based Company Has Claimed That They Have Made the World’s First 1000 WH/Kg Rechargeable Battery. Battery With That Density Would Be Capable Of Powering An Electric Car To Run 1000 Kilometres (621 Miles) On A Single Charge. The Demand Of Carmakers Has Long Been Clamoring For The Battery To Improve The Range And Also Extended Life Spans For That Introduced These Batteries.
- Rising Number of Electric Vehicle in the World Boosting the Demand of Electric Car Battery
- Reduction of Fossil Fuel Reserves
- Growing Fuel Prices Has Shifted Trend for Electric Vehicle
- Potential Hazards Related To Uncontrolled Temperature
- High Initial Cost
Concerns Regarding the Degradation of the Environment and The Advances in Electric Car Battery and Associated Technologies
Over Charging May Cause Battery Damage
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