Lithium Ion Batteries for Electric Vehicles: Challenges and Opportunities

India is heading towards a revolution in the automotive industry, where electric vehicles (EVs) are quickly gaining popularity very soon to take over as the major mode of transportation across the country. Two wheelers and three wheelers which are the primary vehicles in the country are gradually shifting towards electric modes of energy.  As a result of this trend, battery manufacturers are also shifting their focus to different storage systems to support electric vehicles. Given the rising costs of fuels and increasing dangers of the climate crisis, electric vehicles are an amazing alternative to save a little while living big. Lithium ion is the primary energy storage system used in electric vehicles. Though cost involved is a challenge, EV Battery Manufacturers are finding ways to get ahead in the competition and achieve reliable storage capacity. 

Support from government schemes and policies has given ample opportunities to the Lithium Ion Battery Manufacturers in India to expand their business scope and markets. With goals for switching a sizable portion of automobiles to electronic mode, the government is taking extra measures to fill Indian roads with electronic vehicles in less than ten years.

Let's look at the challenges and possibilities of the use of lithium ion batteries for electric vehicles by analysing the costs involved and the technology used. 

Cost

Though the manufacturing cost of the lithium ion batteries were quite high, over the past ten years, the cost of production has decreased thanks to evolved technology and better support from policies. On the other hand, demand for lithium ion batteries is at an all time high. Thus, making it a profitable venture in the long run. Similarly, for users of the lithium ion batteries, it is a good investment for future savings. Lithium ion technology is considered safer than older types of batteries since it is less likely to catch fire or explode.

Technology

Lithium battery technology is continually developing. LFP (Lithium Ferro Phosphate) and NMC (Nickel Manganese Cobalt) were the two predominant chemistries in the Indian market till recently. These variants provide safer power with higher energy density. Because of ongoing extensive research lithium ion battery technology will continue to progress throughout this decade, so will the increase in use. 

Lithium ion batteries are being heralded by EV Battery Manufacturers as the future of automotive power. As they are substantially lighter than conventional rechargeable batteries, and retain the charge for longer periods, lithium ion batteries give reliable power. The only thing of concern is to find the right manufacturer. An initiative of  Ruchira Green Earth, Akira batteries are a dependable solution for both electric two wheelers and three wheelers. The secret behind the ever growing success of Akira is the use of superior technology and superior quality materials. It is always better to go with a known company for new technology. Choose Akira for extended life cycle and power packed performance of electric vehicles.