Electric vehicles are becoming more and more prevalent, but there’s still work to be done in terms of encouraging widespread adoption.

That’s down to a number of factors, said Nicolo Brambilla, Chief Technology Officer at Nanoramic Laboratories. Chief among is cost. While the battery pack is something that drives the cost of the vehicle as a whole, Brambilla said, recent improvements in technology are making electric vehicles better and bringing costs down.

“Today, we have lithium-ion batteries that are basically able to power a vehicle for hundreds of miles, which is very good news, because it’s getting closer to that range you’d need a vehicle to perform (at),” he said. “There are many things that will need to be improved. Cost is definitely one of the things, because, if you look at one of those vehicles price point, it’s still much higher than your conventional engine vehicle.”

Nanoramic has developed Neocarbonix technology, bringing higher energy density at a lower cost thanks to electrodes that don’t use traditional polymer binders and boosting performance of lithium-ion batteries and ultracapacitors.

“You have two major benefits in there. The first one is we’re able to improve the efficiency of the battery while also increasing the energy density, and we increase the energy density by having high-loading electrodes,” he said. “The other advantage, which is also key, especially for the EV market, is the ability to lower the cost of manufacturing.”

Those savings should get passed on to the consumer and, ideally, result in fewer fossil-fueled cars on the roads, creating a cleaner world for everyone.

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