The Solid-State Car Battery market size is projected to reach a CAGR of 89.0% from 2022 to 2028.
Solid state battery is a new age technology for batteries wherein solid electrodes and solid electrolyte are used in place of conventional liquid or polymer gel electrolytes. These were first invented in 19th century but owing to their lower energy density these were not accepted but the ;latest development has led to the higher density which has renewed the interest in these batteries.
Surged demand for electric vehicles across the globe along with the key benefits of SSB over conventional batteries like higher energy density are some of the factors that have supported long-term expansion for Solid State Car Battery Market.