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Why This Battery Breakthrough Could Make EVs Cheaper

Analysts estimate that the size of the EV battery industry will grow to around $70 billion by 2025, and there’s a number of innovative battery start-ups trying to grab a piece of the pie. One of these companies, Cuberg, is making lithium-metal batteries, which it says will be twice as energy dense as standard lithium-ion, and could therefore help electric vehicles become cheaper and more efficient. Because Cuberg’s tech is largely compatible with existing lithium-ion manufacturing processes, it has the potential to scale quickly. And if it does, we could see lithium metal batteries powering small planes and electric vehicles within the decade. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC