CA - For The Electric Vehicle Industry The Future Is Sodium

2024-02-08 11:10:48 ET

Summary

• Sodium-ion batteries offer a safer and cheaper alternative to lithium-ion batteries.
• Startups like Peak Energy and companies like Stellantis are investing in sodium-ion battery technology for electric vehicles.
• Sodium-ion batteries will result in better cold weather performance due to greater operating range and faster charging times.
• While challenges around range, energy density, weight, and longevity exist, the science is not static. Researchers are working on ways to mitigate these disadvantages.
• Investors can benefit by looking to invest in producers and explorers with high-grade sodium properties.

In my home city of Toronto, Canada, e-bikes made headlines for all the wrong reasons as on New Year's Eve, one caught fire in the subway system . This sent two people to the hospital and sparked safety concerns over these types of vehicles being allowed on the subway. Fires from faulty batteries in the city are on the rise with 55 in 2023, up from 29 in 2022. Safety regulations often take time to catch up to technology, and lithium-ion batteries are already everywhere. From micromobility devices to consumer electronics....

For further details see: