The market for personal electric vehicles (EVs) was arguably non-existent a decade ago. Today, the transportation industry landscape looks very different and faces a future fueled by electricity. According to a recent report from the International Energy Agency, a total of 1.4 million cars registered in Europe in 2020 were electric, representing a 10% share of total vehicle sales.1
That figure in China and the US stood respectively at 6% and 2%. Several factors can be attributed to this significant growth in industry and the increased number of people buying EVs. These factors include government policies that can bolster alternative energy technologies, as well as the greater range and power of new EV models.
Lithium-ion (Li-ion) batteries are driving the EV revolution. This electrochemical cell is a powerhouse of a battery, which consists of anode and cathode…