For the first time, batteries capable of fully charging in five minutes have been produced, marking a significant step towards electric vehicles becoming as fast to charge as filling up petrol or diesel vehicles, a current sticking point.

What is Happening?

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Doron Myersdof, CEO of StoreDot, says, “The No. 1 barrier to the adoption of electric vehicles is no longer cost, it is range anxiety. You’re either afraid that you’re going to get stuck on the highway or you’re going to need to sit in a charging station for two hours. But if the experience of the driver is exactly like fuelling [a petrol car], this whole anxiety goes away. A five-minute charging lithium-ion battery was considered to be impossible, but we are not releasing a lab prototype, we are releasing engineering samples from a mass production line. This demonstrates it is feasible and it’s commercially ready.”