Lithium-Ion Breakthroughs Promise a Greener Road Ahead for EVs

I think with two days, lithium ion battery technology, we are at a point where we can easily get like two hundred, three hundred, and even four hundred miles on one single charge. And I do believe that this is sufficient for many or most of the applications in the passenger vehicle area. So if I look ahead, like, for the next ten years, I would say that we will still see this state of the art lithium ion technology that we have today. You know, the most common chemistry is NMC chemistry today in vehicle, so nickel manganese and cobalt. So I believe within the next ten years, in the passenger vehicle sector, will actually move away from this very energy dense battery chemistry and probably more move towards cheaper, which means probably less energy dense chemistry and also chemistry that does not contain so many critical raw materials. You know, the problem that is very often discussed with NMC is actually getting the cobalt And there has been a shift already and a couple automakers have announced that that they are switching over from NMC LFP chemistry so that would be iron based. And, obviously, that is much better in terms of the critical raw material supply chain also, there is sodium ion technology next to lithium ion technology, and all that will just help diversify what we have on the market and kind of take the pressure away from these very critical materials that we need for battery technology in different applications. Only electric vehicles, but of course also energy storage systems, for example.