Israeli company StoreDot Ltd has manufactured the first battery for electric vehicles that can be charged in just five minutes, a step toward making refuelling as fast as cars at a gas station.
The lithium-ion samples were produced by StoreDot’s strategic partner in China, Eve Energy Co, and have been used as a demonstration in a two-wheeled scooter. StoreDot said that rapid charging batteries could overcome range and charging anxiety, a critical barrier to mainstream EV adoption.
However, batteries that charge this quickly probably won’t be achievable at scale for years with existing charging infrastructure. Degradation relating to use of fast-charging also is an under appreciated issue.
Also read: Public charging points is future of EVs
“This is a huge positive to the industry, making rapid charging on the go more convenient and reducing a huge barrier to adoption,” said David Watson, chief executive officer of EV-charging company Ohme Technologies UK Ltd. “But these benefits will take a while to come on stream,” he said.
StoreDot was picked by BloombergNEF as one of its top 10 companies of 2020 leading the low-carbon transition.