The global electric vehicle transition is currently being sold as a triumph of mineral procurement and gigafactory scaling... a narrative where lithium mines and nickel refineries are the only hurdles between us and a decarbonized fleet. But while the industry fixates on the battery, it is ignoring the passive electronic components that must handle the violent throughput of high-voltage energy. The market for EV capacitors has ballooned to $5.32 billion. This growth is a symptom of a technical crisis. The shift to 800V architectures…
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