Lucid and BMW are advancing electric vehicle (EV) technology with a focus on efficiency and smaller batteries, despite currently producing cars with large batteries and long ranges. Lucid CEO Peter Rawlinson and BMW development head Frank Weber both emphasize that future EVs will prioritize smaller batteries and reduced range, driven by advancements in efficiency and charging infrastructure. Rawlinson stated that a future Lucid model with 180 miles of range could use a 30 kWh battery, significantly smaller and cheaper than current models, potentially costing around 2,000−2,000−2,500 instead of 20,000−20,000−25,000. He highlighted the importance of expanding Level 2 charging networks, which are cost-effective and suitable for locations like apartments and offices, rather than focusing solely on fast DC chargers.

Weber echoed this sentiment, noting that excessively large batteries increase carbon footprints and reduce efficiency. BMW’s research shows most EV drivers are satisfied with 250-310 miles of range, and the upcoming Neue Klasse models will offer a 30% improvement in real-world range and faster charging. Both leaders agree that improving charging infrastructure and shifting consumer attitudes toward frequent, convenient charging will make smaller batteries viable.

Meanwhile, Hyundai is progressing with solid-state battery technology, aiming to unveil a prototype by 2026 and begin production by 2030. Solid-state batteries promise higher energy density and faster charging but remain costly. Hyundai’s pilot production line, set to open in March, will test scalability and efficiency.

The EV industry is evolving toward lighter, more efficient vehicles supported by robust charging networks, with innovations like solid-state batteries poised to play a key role in the future.