In the next five years, significant upgrades to the batteries in electric vehicles should finally hit the market. In the works for decades, these changes are likely to mean that by 2030, gas vehicles will cost more than their electric equivalents; some EVs will charge as quickly as filling up at a gas station; and super long-range EVs will make the phrase “range anxiety” seem quaint.
One reason you might not be aware of these impending technological leaps is that they’ve long been overshadowed by flashier efforts at replacing existing lithium-ion battery tech in EVs altogether. Again and again, those promised battery “breakthroughs” failed to break through, which has left investors holding the bag and consumers disappointed.
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