🙅♀️Honda's executives say lithium-ion battery EVs will never be as affordable as gas-powered cars.
🤞The company says all is not lost! A prototype solid-state battery still under development may be the long-term power storage solution.
🔬Honda currently only uses the tech in a few test EVs but say it will be a game changer for the brand.
⏰The technology has no timeline for implementation, but Honda is not investing in the idea alone. Other OEMs are developing similar power storage opportunities to move away from expensive to source and produce lithium-ion batteries.
🥇Honda may be the front-runner as of Monday. It announced a $310M investment in experimenting with mass solid-state battery production.