In a first, Israel-based company StoreDot has come out with an electric vehicle battery that can be charged in just five minutes.
Peter's key takeaways:
- This solution from StoreDot offers the promise of recharging an EV as quickly as refueling a regular ICE car.
- Nevertheless, despite the promising trials, it will still take several years to bring the technology to mass market prices, and upgrade infrastructure to enable fast charging.
- Battery EVs are currently limited by several factors, like (1) range, which can vary dramatically depending on the type of driving or climatic conditions, (2) availability of charging infrastructure, which is improving but still faces issues of incompatibility, charging rates and occupancy (all rechargers at a station blocked by other cars) and (3) speed of charging.