News Coverage featuring Nano One by Sean Peasgood at Sophic Capital
Lithium Ion Batteries will Achieve Wide Spread Adoption in Electric Vehicles and Utility Energy Storage Systems
June 10, 2015 – ABSTRACT: Despite strong demand, high sticker prices due to costly battery systems have stunted electric vehicle purchases. We believe that government incentives will drive greater adoption as well as increased R&D spending by electric vehicle and battery manufactures to decrease battery costs. Lithium ion batteries are leading this revolution, and we believe that once they become commoditized in electric vehicles, utilities will implement these batteries in energy storage systems.
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