There are a few benefits of using a Li-ion battery, and that is what makes its future growth promising. They have many advantages over older battery types, such as lead-acid batteries or those based on nickel.
However, it has a significant disadvantage, at least at the moment. Li-ion batteries are quite expensive. That is probably due to high lithium prices. So, what are the other key advantages and disadvantages of lithium-ion batteries?
Yes, that is right lithium-ion batteries have both advantages and disadvantages like many other products. But one thing for sure that its market is growing and has a bright future in the coming years. Some of the disadvantages will dissipate as we move forward.