Battery-powered vehicles have made a remarkable impact on the transportation market. Because of this, companies have been trying to make batteries for vehicles for greater ranges. A promising possibility is these batteries. For the cost of the materials cost a lot less than lithium batteries. These batteries are around 20-40% cheaper than lithium batteries. When the battery dies, it takes only 5 minutes to charge.

The impact of these batteries would result in factories being able to make products for cheaper than usual.

The impact of these batteries would result in lower costs for energy storage on the electric grid.

“In the short term, the cost to manufacture Na-ion will be high as producers look to reach scaled production in the mid-2020s,” Reid says. “In this time, demand for batteries in the EV sector will surge from 0.6TWh in 2022 to 2.8TWh by 2030, a boom too soon for the Na-ion market.” MARIJA MAISCH

Further Details

The sodium-ion battery (NIB or SIB) is a type of rechargeable battery analogous to the lithium-ion battery. However but using sodium ions (Na⁺) as the charge carriers. Its working principle and cell construction are almost identical. Especially with those of commercially widespread lithium-ion battery types, but sodium compounds are used instead of lithium compounds.

For these batteries have received much academic and commercial interest in the 2010s and 2020s. Especially as a possible complementary technology to lithium-ion batteries. For that’s largely due to the uneven geographic distribution. Also high environmental impact and high cost of many of the elements required for lithium-ion batteries. Chief among these are lithium, cobalt, copper and nickel. All which are not strictly required for many types of sodium-ion batteries.^[1] The largest advantage of sodium-ion batteries is the high natural abundance of sodium. This would make commercial production of these are less costly than lithium-ion batteries.^[2]

Sources:

https://www.anl.gov/article/pivotal-battery-discovery-could-impact-transportation-and-the-grid