Quantum Batteries for Electric Vehicles Could Lead Us Closer to Our Sustainable Future — Sustainability Briefs™ by Maëva Ghonda
Quantum batteries are energy storage devices that exploit quantum phenomena. These quantum devices could introduce crucial performance improvements — e.g. slash the charging time of electric vehicles (EVs) from hours to minutes, or even seconds with superchargers. This disruptive battery technology could revolutionize the critical global EV battery market, which is projected to grow at a CAGR of 32% from 2022 to 2030 and reach an astonishing $559.87 billion by 2030 (vs. $46.03 billion in 2021).
Investments have already poured into quantum battery technology because these innovative systems could also take us a step closer to our sustainable future. A quantum battery patent filed in 2015 with the European Patent Office has already been awarded: Quantum Battery Patent No. EP 3 076 449 B1.
These quantum battery devices will gain traction because the transition to net-zero emissions is creating greater demand for battery electric vehicles (BEVs). BEVs are of great interest across the globe because they produce zero emissions. They rely on electric motors.
“BEVs are a critical element of the strategies that countries are adopting to meet their pledges to reach net-zero by 2050. Investors that seize the potential of a new supply chain for BEVs will enjoy higher profitability and contribute to the fight against climate change.” — Gouvernement du Canada
In the last decade, more than $400 billion in investments poured into the EV industry. Government incentives and regulations have served as catalysts accelerating this shift towards sustainable mobility.
“The entire auto industry is making a massive pivot to electric vehicles. The world is going to need a lot more batteries.” — NPR
Although EV batteries have an important role in electrifying transportation, slow battery charging speeds remain an issue with EVs. If successful, quantum batteries for EVs could introduce significant performance improvements while leading us closer to our sustainable future. However, the success of this novel battery technology could simultaneously destabilize the massive EV battery supply chain.
ABOUT THE AUTHOR
Maëva Ghonda advises institutional investors and board members on quantum technology intellectual property, i.e. Quantum IP. Maëva solidified her expertise in assessing Quantum Tech IP — e.g. Quantum Computing, Quantum Sensing, Quantum Gravimetry, Quantum Communications, Quantum Cryptography — for Investment Theses while working on the Roadmap for Intellectual Property Development in Quantum Technologies as a Scholar for the Joint Quantum Institute (JQI). Maëva has been leveraging Technology IP for Investment Theses, Business Cases, Portfolio Planning, and Demand Planning since her previous work on Motorola’s Strategy team.
Maëva Ghonda also specializes in Corporate Strategy, Risk Management and Sustainability. She is the chair of the Quantum AI Institute. She is also the host of the popular Quantum AI Institute Podcast, where she regularly interviews the leaders shaping the future of Quantum Computing. As a research scientist, her work is centered on technological innovations — e.g. Quantum Tech, Artificial Intelligence and Machine Learning — to tackle Climate Change.