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The battery set to change Electric Vehicles and Tesla’s market share
The world’s biggest battery maker announced this week they’re working with Tesla to making cheaper batteries.
Recent developments in the electric vehicle (EV) market raise essential questions about its trajectory.
Cost cuts by the world’s largest battery maker could impact EV prices, potentially boosting their competitiveness. Meanwhile, advancements in mileage, power, and charging times are driving increased adoption.
However, considerations about downsides like battery disposal and resource extraction are pertinent. Nonetheless, the broader implications for climate change efforts and the automotive industry underscore the transformative potential of EVs in creating a more sustainable future.