Electric vehicles are becoming increasingly popular the world over, as consumers want vehicles with little to no emissions and governments promote such vehicles to meet their own net-zero emission goals. But the cost of EVs, when compared to internal combustion engine vehicles, has been a major resistance factor for a more distributed adoption.One of the major factors behind the higher costs of EVs are their lithium-ion (Li-ion) batteries. Some estimates suggest that lithium-ion batteries, which make up the majority of all batteries across all sorts of electronic devices, contribute to 20-40 percent of EVs’ costs.What is the alternative?While automobile manufacturers, battery makers, and various startups in the ecosystem are working on developing alternatives to lithium-ion batteries, few options already exist. One of the most promising alternatives is the use of sodium-ion…
