From Cadillac's launch of the Celestiq to legislative pushes to get more electric vehicles on the road, the EV market has been a welcomed bright spot in what has been a challenging period for the automotive industry over the past 12 months.
But with more than 2.5 million EVs sold through 2020 — and that number is expected to rise by 70 percent this year alone, according to IHS Markit — one area is becoming the focal point within the EV market: batteries.
As legislation aimed at reducing emissions continues to roll out, and consumers look to save on fuel costs, battery life will be imperative in driving the mass adoption of EVs. As investment, adoption and infrastructure continue to grow, now is the time for automakers to double down on battery-related technology to keep the momentum going.
With that in mind, here is a look at current efforts in the battery space, what successes are taking place and where there is room for growth.