Introduction

We are very much aware of the rising popularity of Electric Vehicles around the globe, especially in some come countries or rather in advanced countries their popularity in the last few years has increased significantly because of which Lithium Ion Battery Suppliers are continuously under pressure to maintain the supply chain.

Reason For Rising Popularity Of EVs

As far as reason is concerned regarding the rising popularity of electric vehicles there are more than one. One of the biggest reasons behind this rising popularity is awareness in the masses regarding the positive effects of electric vehicles on the environment along with the savings that one has with battery-driven electric vehicles. Lithium Ion Battery Suppliers have been finding it hard to cope with the rising demand for lithium-ion batteries.

Despite of rising popularity of Electric vehicles in many advanced countries overall electric vehicles are way behind gasoline or fossil fuel-driven vehicles and their market share is still very less. There are several reasons that despite so many benefits electric vehicles have they are yet to achieve a bigger market share and out of many reasons one big reason is the price of these vehicles which is on the higher side as compared to other vehicles. Electric-vehicle-battery Suppliers say that every time the prices of batteries come down there is a sudden rise in the demand for batteries.

Price Concerns

The price of electric vehicles largely depends on the price of batteries and this is the reason that many experts believe that if Lithium-ion batteries are locally manufactured then it can be a real game changer for the electric vehicle industry, which is not the case in every country. Electric-vehicle-battery Suppliers also share the view of experts and believe locally manufactured batteries could be the game changer in the EV industry.

Actually if one would look closely then the popularity of electric vehicle is different in different countries and there are more than one reason for that if the popularity of electric vehicles are to be pushed in countries where it is lagging then there are a few steps that need to be taken.

Infrastructure Required

The primary concern of many countries where the EV industry can thrive is to have the infrastructure ready which could push the sales of Electric Vehicles. Governments globally are very much in favour of the adoption of Electric Vehicles because of so many benefits that it has especially for the environment. The government of each country wants to be self-sustainable as far as manufacturing EVs are concerned. One of the biggest needs of the EV industry today is a long-lasting battery technology which could give a real push to the Industry.

Lithium-Ion Batteries

Lithium-ion batteries are the most preferred batteries by the EV manufacturer and most EVs that come out in the market use these batteries only. These batteries are a popular choice due to many reasons like they are low maintenance, charging quickly etc. as compared to other technologies.

Although auto companies who want to make it big in the EV segment are investing hugely in battery development as the demand for Lithium-ion batteries is going to grow in future then local manufacturers need to encourage to produce these batteries locally which will bring the prices of these batteries lower and hence prices of these vehicles. Although the whole process of lithium-ion battery manufacturing requires quite a lot of environmental control. In countries where heat ranges up to 40 degrees or more environmental control is much needed. Production needs to be carried out in a controlled environment and desired RH needs to be maintained otherwise chances of explosion increase and the quality of battery produced also decreases. Dry rooms are required for the production process as moisture control is critical for the production process.

Conclusion: lower prices of batteries would mean that price of EVs would get reduced as well which is only possible when batteries are locally produced and not imported.