As electric vehicles (EVs) trend from being niche to mass scale and the lines between EVs and their combustion engine (ICE) counterparts get blurred in terms of usability, consumers, automakers, governments and fire departments continue to have some apprehensions.
The last three months have been unprecedented. But amidst the chaos and despite the drop in global GDP, there has still been a considerable amount of activity in the electric vehicle (EV) and battery world.
The electric vehicle market is expected to be by far the largest and most dominant market for lithium-ion (Li-ion) batteries. Despite the strong desire to increase EV sales by all involved in the value chain, proliferation has been curbed due to the high cost to the consumer and the perceived disadvantages of owning an EV. Range anxiety, a lack of charging stations and fire safety worries, are among the top concerns.