This development aligns with Schumpeter’s idea of “creative destruction,” where innovative breakthroughs disrupt and eventually replace existing technologies. In this case, Samsung’s solid-state batteries could render current lithium-ion technology obsolete, driving significant progress in the EV market.
Additionally, this innovation is expected to be a key component of Kondratieff’s fifth wave—a long-term economic cycle characterized by significant technological advancements. As solid-state batteries become more prevalent, they could spearhead this new wave of growth, influencing various sectors and reshaping the future of transportation and energy storage.
It’s easy to see why battery tech advancements are all the buzz in the EV scene these days. I mean, anyone who’s anyone in the automotive and motorcycle industries is working hard in pushing the bounds of electrification.
But up to now, the biggest hurdle when it comes to EVs is reducing charging time and increasing range. This is where solid-state (SS) batteries enter the picture. We’ve been talking about these things here on RideApart for quite some time now. And the potential they have in the future of mobility is simply undeniable.
Now, some of the biggest players in the tech industry are hopping aboard the SS battery bandwagon in full force. For example, at the SNE Battery Day 2024 Expo in Seoul, South Korea, none other than Samsung showcased its latest battery technology: an EV-specific solid-state oxide battery with some impressive claims.
