A new report from IDTechEx hints at the coming of 600-mile (approximately 966 km) electric vehicles, and expects they will grab some of the market share—even as city cars, since the longer range will help reduce range anxiety.
“We find that better thermal management has a long way to go in improving range and we believe that just improving battery software will boost range by 10 per cent,” said Raghu Das, CEO of analysts IDTechEx.
The company said that in 2025, 600-mile cars “will be the antidote to range anxiety and more.” It will also increase resale value and “useful life”—which means less battery cycling and fast charging that age the battery.
“Selling electricity vehicle-to-grid is no longer a silly idea when you have some miles to spare,” said IDTechEx in a news release. “Elon Musk has recently said that battery cost reduction will be particularly helpful and we already see some premium cars having a battery twice as big to boost range.”
IDTechEx said the delay in charging a battery-powered EV, and the need to change/adjust routes as a result of the charging situation, are an ongoing problem for many people—including those living in cities, and specifically in apartments, with no easy way to charge their vehicle. These people are known as “garage orphans.”
Fast chargers are also expensive, and the number of people lining up to use them can be an issue, depending on location.
“There is a surge in the adoption of short-range battery-electric cars in cities by people on limited budgets that cannot afford longer-range vehicles,” said IDTechEx. “They will learn that short-range causes hassle, risk, and financial distress. Accordingly, when they repurchase, they will be even more interested in getting as long a range as possible.”
The company’s CEO Das said there is also a small percentage of consumers that understand that EVs can have a range of more than 250 miles—which means many people are not aware of this. Part of the problem, he said, is related to education. But the other part is a need for more range and a larger choice of affordable (300-mile) cars by 2023.