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One of the key components driving the growth of electric vehicles is high-capacity batteries. In 2023, we can expect to see further advancements in battery technology, with increased energy density and longer driving ranges. Manufacturers are investing heavily in developing more efficient battery chemistries, such as solid-state batteries, that offer higher energy storage capabilities, faster charging times, and enhanced safety features. These advancements will pave the way for EVs with extended ranges and reduced charging times.