The electric car industry is aggressively pursuing new battery technologies, with Toyota planning a 1,000 km range car that recharges in 10 minutes, targeting a 2027–28 release.

Chinese manufacturers are developing sodium-based batteries for budget electric vehicles anticipated in 2024, offering an alternative to the dominant lithium-ion technology.

Global market trends show a push for all new cars to be electric by 2035, driving innovation in battery technologies such as solid-state and sodium batteries.

Solid-state batteries, potentially entering the market by 2025, use solid materials instead of liquid electrolytes and are being developed by companies like Solid Power and QuantumScape.

Research is ongoing to improve battery chemistries, including the use of oxyhalide electrolytes and lithium sulfur (LiS) batteries, aiming to cater to the predicted 14 terawatt-hour energy demand from EV batteries by 2050.

Advancements in batteries are focused on reducing costs, increasing sustainability, and enhancing energy density, with developments in solid-state lithium and lithium–air batteries.

While new battery technologies show promise, there are still significant challenges and uncertainties that must be addressed before they can be widely adopted in the market.