Lithium Shortages
By the end of this decade, lithium demand will be so high that supply shortages are expected. This could drastically increase the price of lithium.
Abundant Raw Materials
Sodium-ion batteries can use abundant materials that are available everywhere on Earth (and Mars), and lowers the geopolitical problematics associated with batteries.
Low Cost
Cathode and anode account for 60% of the cost of a battery cell. The use of inexpensive active materials in sodium-ion batteries offers the possibility of significantly reducing costs at the cell level.
Energy Density
Sodium-ion batteries have the potential to reach energy densities comparable to entry-level lithium-ion batteries.
Fast Charging
With proper material choice, sodium-ion batteries can potentially achieve high charging capabilities.
Low-Temperature Performance
Sodium-ion batteries can provide excellent low-temperature performance that outperform lithium-ion batteries.
