BMW to Invest €10 Billion in Solid State Battery Technology by 2030
BMW is targeting up to €10 billion for research and development of solid-state batteries by the end of the general goal 2030. The company wants to develop batteries for its electric cars that provide longer traveling range and shorter recharging time.
Solid State Battery Market Size
Precedence Research has estimated that the solid state battery market size was valued at USD 240.18 million in 2024 and is projected to surpass around USD 1,645.60 million by 2030, growing at a CAGR of 37.8% during the forecast period.
Key Highlights of BMW’s Solid State Battery Initiative
- Solid-state batteries, which use a solid electrolyte instead of liquid, are expected to deliver higher energy density and enhanced safety. BMW’s new batteries are anticipated to offer a range of 600 miles on a single charge and a 50% reduction in charging time compared to current lithium-ion batteries.
- BMW is collaborating with Solid Power, a leading developer of solid-state batteries, to accelerate the commercialization of the technology. BMW plans to integrate solid-state batteries into its EVs starting in 2029.
The market of batteries for EVs is expected to expand in the upcoming ten years at the global level. Based on BloombergNEF, experts predict that demand for these batteries will soon cross a level of 2,000 GWh in 2030 due to the growth of the e-mobility market.
BMW’s Electrification Roadmap: A Potential for EV Battery Industry
The automaker the BMW has set high goals of the electrification of its cars, with an aim of ensuring at least 50% of its world sales came from electric cars by 2030. The company is also in process to add the list of new models that will be run on hydrogen electric engines thus shifted toward zero emission vehicles.
- BMW i Vision Concept: BMW recently unveiled its i Vision Circular concept, a fully electric vehicle made from 100% recycled materials. This concept highlights BMW’s focus on sustainability and circular economy principles.
- Charging Infrastructure: BMW is partnering with IONITY to expand its high-speed charging network across Europe, aiming to install 10,000 fast chargers by 2027.
This is based on the fact that the demand for crucial battery materials, including lithium, cobalt, and nickel will increase significantly in the future. It has become BMW’s policy to practice ethical sourcing of these materials with special regard for their impacts on the environment and society.
Projected Global Demand for Battery Materials (2024–2030)
| Material | Demand in 2024 (Metric Tons) | Projected Demand by 2030 (Metric Tons) |
| Lithium | 500,000 | 2,000,000 |
| Cobalt | 150,000 | 450,000 |
| Nickel | 1,000,000 | 2,800,000 |
BMW’s investment in solid-state battery technology makes BMW one of the leading automakers in the next generation of electric vehicles. BMW aims to have a quarter of a million full electric models by 2030 across all divisions while solid-state batteries are expected to be a crucial element in meeting its long-term agenda of improving the range and performance of the cars.
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With a Master of Science in Statistics and over two years of expertise in the market research industry, Rushikesh brings a wealth of knowledge to the world of electric vehicle (EV) news. His passion for the automotive sector, combined with his statistical expertise, allows him to analyze trends, consumer behavior, and emerging technologies with precision. Rushikesh’s ability to dive deep into the numbers, yet communicate them in a reader-friendly manner, makes him a key voice in the fast-evolving EV industry.
Having spent his academic and professional career immersed in data-driven analysis, Rushikesh leverages his strong statistical foundation to offer insights that are both thorough and forward-thinking. His keen interest in the automotive industry, especially electric vehicles, positions him uniquely to understand not only the current landscape but also the trajectory of the sector as governments, manufacturers, and consumers increasingly lean towards sustainable transportation.
