Automobile Companies, Trucking Companies, and Bus Manufacturers Are Investing in Solid State Batteries
 
Vehicle Company Hybrid Solid-State Batteries represent next generation automation of EVs and home and campus electricity storage, a market in line for significant growth.  It is expected to grow at a compound annual growth rate (CAGR) of 57.8% from 2028 to 2035.  
 
Next generation car companies will sell energy storage systems alongside vehicles.  Rising demand for solid-state batteries among end-use sectors along with the rising research and development activities are focused on commercializing the battery.  Lower costs for solid state batteries are expected to propel market growth.  
 
EVs represent a primary market.  The electrical solid state battery energy industry will reshape the future.  The integrated business model of storage is becoming an application for energy consumption.  Amid a greater industry focus on battery technology, automakers with EVs in their lineups are scrambling to position themselves for the arrival of solid-state battery cells soon. 
 
As EV sales increase driven by tighter regulation of carbon emissions, solid-state battery makers become indispensable for the renewable energy industry.  Solid-state battery products account for a small proportion in the market early on until mass production can be realized.  Toyota has a timeline to achieve mass production of solid-state electric vehicle batteries by 2028.  ProLogium said it aims to achieve mass produce solid-state batteries in 2028.