MARCH 20238 PANORAMAHOW INNOVATION IS DRIVING THE EV BATTERY MARKET GROWTHThe automotive industry today is facing accelerating pressure to decrease the vehicle's environmental impact. It is also experiencing rapid technological change, along with the shape of electrification, connectivity & autonomy as well as new business models. While for generations, internal combustion engine improvements drove automotive innovation. Today, the automotive batteries are the new engine for innovative electric vehicle development. Electric Vehicles sales are predicted to increase dramatically as a deadline for government emission mandates approach & consumer demands urges. A few industry analysts are forecasting sales to grow fifteen times by 2030.However, this growth will not take place without any surge in the pace of scientific as well as engineering innovation. Augmenting R&D to deliver fast-charging as well as longer-range batteries is one of the keys to the future success & adoption of greener & more sustainable Electric Vehicles. Firms achieving scientific & engineering breakthroughs in EV battery cell development, as well as manufacturing will be the leaders of this new era. The automotive sector will represent over eighty per cent of
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