The next decade is set to be transformative for solid-state batteries. These advanced batteries promise better performance, faster charging, and increased safety compared to traditional lithium-ion batteries. But how quickly will they be adopted? What performance improvements can we expect? How will the market evolve?
In this article, we’ll break down the key statistics and provide clear, actionable insights to help businesses, investors, and technology enthusiasts understand the future of solid-state batteries.
1. Solid-state battery market is expected to reach $8 billion by 2030
The market for solid-state batteries is growing rapidly. With increased investments from automakers, battery companies, and tech giants, solid-state batteries are expected to be a multi-billion-dollar industry by 2030.
For businesses, this means there is still time to enter this market before it becomes saturated. Companies developing battery technologies, electric vehicles, and even energy storage solutions should start evaluating solid-state battery integration. Investors should also pay attention to early-stage companies innovating in this space.
2. The solid-state battery market is forecasted to grow at a 34% CAGR between 2020 and 2030
A compound annual growth rate (CAGR) of 34% is massive. This growth rate suggests a rapidly evolving industry where demand for solid-state batteries will skyrocket.
For companies looking to develop products that use these batteries, now is the time to prepare. If you wait too long, competitors will already be ahead with solid-state battery-powered devices.
3. By 2030, 10-15% of EVs could feature solid-state batteries
Electric vehicles (EVs) are one of the biggest drivers of solid-state battery adoption. Today, lithium-ion dominates, but automakers like Toyota and Volkswagen are investing heavily in solid-state technology.
For EV manufacturers, adopting solid-state batteries could provide a major competitive edge. The companies that can bring solid-state EVs to market first will set the benchmark for the industry.
4. Solid-state batteries offer a 2-3x increase in energy density over lithium-ion
Energy density refers to how much energy a battery can store in a given space. A 2-3x increase means an EV could potentially double its range without increasing battery size.
This improvement will also benefit consumer electronics, allowing for slimmer, lighter devices that last much longer on a single charge. Companies developing battery-dependent products should factor this into their R&D efforts.
5. Solid-state batteries can charge 60-80% in 15 minutes
One of the biggest drawbacks of lithium-ion batteries is slow charging. Solid-state batteries could solve this, making ultra-fast charging a reality.
This means businesses developing EV charging infrastructure should start considering high-power charging stations designed for solid-state batteries. Faster charging will also create new opportunities for portable devices that can recharge in minutes.
6. Solid-state batteries can last 2-5x longer than conventional lithium-ion batteries
Battery lifespan is a major concern for EV owners. With solid-state batteries lasting up to five times longer, customers will experience less battery degradation over time.
Companies in industries where battery longevity is crucial, such as medical devices and industrial equipment, should begin testing solid-state solutions.
7. Solid-state batteries eliminate 90% of thermal runaway risks compared to liquid electrolytes
One of the biggest dangers of lithium-ion batteries is overheating and catching fire. Solid-state batteries remove most of this risk, making them far safer.
Automakers and consumer electronics manufacturers should start marketing safety as a major selling point once they adopt solid-state technology.
8. Solid-state batteries can be 30-40% lighter than lithium-ion counterparts
Lighter batteries mean lighter EVs, drones, and electronic devices. This translates to better performance, efficiency, and portability.
Industries that require lightweight power sources should start evaluating solid-state battery integration in their designs.
9. By 2030, production costs could drop to $75-100 per kWh
Cost has been a major barrier for solid-state batteries. However, as manufacturing scales up, the cost per kilowatt-hour is expected to drop significantly.
This will make solid-state batteries a realistic option for widespread adoption, from electric vehicles to grid storage solutions.
10. Toyota, QuantumScape, Samsung, Solid Power, and CATL are investing billions in solid-state battery R&D
These companies are leading the charge, spending billions to develop solid-state technology.
For investors, keeping an eye on these firms—and the startups they acquire—can provide valuable insight into where the industry is heading.
11. Toyota aims to commercialize solid-state batteries by 2027-2028
Toyota is one of the biggest advocates for solid-state batteries. Their roadmap suggests they will introduce a vehicle powered by this technology before the decade ends.
This means competitors will need to accelerate their own development efforts to stay competitive.
12. QuantumScape’s solid-state cells target over 1,000 cycles with minimal degradation
Battery cycle life is a critical performance metric. If QuantumScape’s batteries can retain their charge over 1,000 cycles, they will last far longer than today’s lithium-ion cells.
Businesses and consumers alike will benefit from this durability, reducing battery replacements and maintenance costs.
13. Solid Power aims for pilot production in 2025 and EV integration by 2027-2028
Solid Power is another key player pushing for commercialization. By the late 2020s, solid-state batteries could be standard in premium EVs.
Automakers should begin forming partnerships with battery developers now to secure their supply chains early.
14. Solid-state batteries are expected to reach cost parity with lithium-ion by 2028-2030
When costs match lithium-ion, there will be little reason not to switch. Expect a major industry shift toward solid-state batteries within this timeframe.
Companies that plan ahead will be the first to capitalize on this transition.
15. Solid-state batteries can operate in -30°C to 100°C without significant performance loss
Temperature stability is a game-changer, especially for industries requiring extreme durability, such as aerospace and defense.
Expect to see these batteries used in satellites, military applications, and extreme-weather vehicles.
16. By 2030, 20-30% of consumer electronics may use solid-state batteries
Laptops, smartphones, and wearables will benefit from improved battery life, safety, and faster charging.
Manufacturers should start testing prototypes and redesigning products to leverage these advantages.
17. Solid-state batteries could last over 15 years, compared to 8-10 years for lithium-ion
A longer lifespan reduces waste and increases long-term value. This makes solid-state batteries more sustainable and appealing to eco-conscious consumers.
Expect governments to incentivize adoption due to the reduced environmental impact.
18. Solid-state batteries can retain 90% capacity after 1,000 cycles
Consistent performance over many charge cycles will make these batteries more reliable for long-term applications.
Businesses should market this reliability as a major advantage to customers.
19. Volkswagen has invested over $300 million in QuantumScape
When a company like Volkswagen bets heavily on solid-state technology, it’s a sign that change is coming.
Auto investors and tech firms should take note and adjust their strategies accordingly.
20. China aims to dominate 40% of the solid-state battery market by 2030
China’s focus on battery technology means Western companies must innovate faster to stay competitive.
Expect significant government-backed initiatives from China to accelerate this dominance.
21. BMW and Ford are partnering with Solid Power to advance solid-state technology
BMW and Ford are two of the biggest automakers pushing for solid-state battery commercialization. Their partnership with Solid Power highlights their commitment to bringing this technology to market as soon as possible.
For businesses in the automotive industry, this is a strong signal that solid-state batteries will be a key component of the next-generation electric vehicle market.
Companies that rely on lithium-ion battery supply chains should begin diversifying their partnerships to include solid-state battery providers. This will help mitigate risks related to battery shortages and ensure they remain competitive when the transition happens.
For investors, watching the progress of BMW, Ford, and Solid Power can provide insights into when mass adoption of solid-state EVs might occur. Companies that successfully integrate these batteries into their vehicles could see significant stock growth and increased market dominance.
22. Current solid-state batteries face low manufacturing yields (~50-60%) compared to mature lithium-ion (~90%) production lines
One of the biggest challenges for solid-state batteries is production efficiency. Right now, only about 50-60% of manufactured solid-state cells meet quality standards, compared to 90% for lithium-ion batteries.
This means companies working on solid-state battery technology need to refine their manufacturing processes before mass production can become cost-effective. Until this issue is resolved, production costs will remain high, slowing down adoption.
For businesses looking to enter the solid-state battery market, focusing on improving manufacturing techniques and yield rates could present a major opportunity. New advancements in production technology—such as automated assembly and more consistent material processing—could help improve yields and drive down costs.
23. Limited lithium metal supply could impact solid-state battery production in the late 2020s
While solid-state batteries solve many performance issues, they still rely on lithium metal, which is not an unlimited resource. As demand for lithium increases, supply chain bottlenecks could slow down production, particularly in the late 2020s when mass adoption is expected to ramp up.
To mitigate this risk, companies should begin exploring alternative battery chemistries, such as sodium-based solid-state batteries or other materials that reduce reliance on lithium. Developing strategic partnerships with lithium suppliers and investing in lithium recycling technologies could also help secure a stable supply of raw materials.
For policymakers and investors, keeping an eye on lithium production and geopolitical factors affecting supply chains will be crucial for anticipating potential disruptions.
24. Governments in the U.S., EU, and Japan are investing billions in battery innovation
Governments around the world recognize the importance of battery technology in achieving energy independence and reducing carbon emissions. The U.S., EU, and Japan are pouring billions into research and development programs to accelerate battery innovation, including solid-state technology.
For businesses in the energy and transportation sectors, tapping into these government programs can provide funding, tax incentives, and strategic partnerships. Companies should actively seek out grants and government-backed research initiatives to stay ahead of the competition.
For investors, following policy developments related to battery technology can provide insights into which companies will benefit most from government support. Businesses that align with national energy strategies and sustainability goals will likely receive the most funding and regulatory support.
25. Solid-state batteries could extend EV ranges by 50-100% compared to lithium-ion
One of the biggest selling points of solid-state batteries is their ability to significantly extend the range of electric vehicles. A 50-100% range increase means that EVs could travel much farther on a single charge, making them more practical for long-distance driving.
For automakers, this could eliminate one of the biggest consumer concerns about EVs—range anxiety. Companies that integrate solid-state batteries early will have a major advantage in marketing their vehicles to customers looking for superior performance and convenience.
For consumers, longer-lasting batteries mean fewer charging stops, lower energy costs, and less battery degradation over time. As a result, demand for solid-state-powered EVs is expected to grow rapidly once they become widely available.
26. If scaled successfully, solid-state batteries could displace 30-40% of lithium-ion battery applications
Lithium-ion batteries are used in everything from smartphones to energy storage systems, but solid-state technology has the potential to replace them in many applications. If production scales successfully, up to 40% of current lithium-ion applications could shift to solid-state batteries by 2030.
This shift will create significant disruptions in the battery supply chain. Companies relying on lithium-ion technology should begin evaluating how solid-state batteries could impact their industries and whether they need to start transitioning now.
For battery manufacturers, offering a mix of both lithium-ion and solid-state solutions can help maintain a competitive edge during this transition period. Businesses that rely on battery technology should start testing solid-state alternatives now to ensure a smooth transition in the coming years.
27. As of 2024, solid-state batteries cost $400-800 per kWh, significantly higher than lithium-ion
One of the biggest barriers to adoption is cost. As of 2024, solid-state batteries cost between $400-800 per kilowatt-hour, making them significantly more expensive than lithium-ion, which typically costs around $100-150 per kWh.
This high cost is due to complex manufacturing processes, low production yields, and the expensive materials required for solid-state batteries. However, as more companies invest in scaling up production, costs are expected to drop.
Businesses considering solid-state battery adoption should keep a close eye on price trends. While they may not be cost-effective today, within a few years, falling prices could make them the preferred option for many applications.
28. China aims to dominate 40% of the solid-state battery market by 2030
China has been aggressive in securing its position as a leader in battery technology. By 2030, the country aims to control 40% of the global solid-state battery market through heavy investments in research, production, and raw material acquisition.
For businesses outside China, this means increased competition. Companies in the U.S., Europe, and other regions will need to ramp up their own investments in solid-state battery technology to avoid falling behind.
For policymakers, ensuring domestic battery production capabilities will be critical for maintaining energy independence and technological leadership. Expect to see more government-backed initiatives aimed at strengthening local battery manufacturing capabilities.
29. Research on lithium-sulfur and sodium-based solid-state batteries could further enhance adoption beyond 2030
While solid-state lithium-metal batteries are leading the way today, other chemistries such as lithium-sulfur and sodium-based solid-state batteries are being developed as potential alternatives.
Lithium-sulfur batteries promise even higher energy density and lower costs, while sodium-based batteries could provide a more sustainable alternative by reducing dependence on lithium. These next-generation batteries could extend the benefits of solid-state technology even further and make them even more affordable.
For businesses, keeping an eye on alternative battery chemistries could provide additional opportunities for innovation. Companies that invest in multiple battery technologies will be better positioned to adapt to future advancements and market demands.
30. The future of solid-state batteries is closer than ever
The transition to solid-state batteries is not just speculation—it’s happening right now. Major automakers, battery manufacturers, and tech giants are investing billions to bring this technology to market.
Businesses that start planning for this shift today will be the ones that lead in the next decade. Whether it’s through direct investment, strategic partnerships, or R&D, those who prepare for the coming battery revolution will have the greatest opportunity to capitalize on it.
The 2020s will be the decade of the solid-state battery. Companies, investors, and consumers who embrace this shift early will be best positioned for success in the electrified future.
wrapping it up
Solid-state batteries are set to revolutionize industries from electric vehicles to consumer electronics and beyond. The advancements in energy density, charging speed, safety, and longevity make them the most promising battery technology of the future.
