Published: December 2020
EV battery costs
The highest-priced component of an electric vehicle (EV) just got a little more affordable.
Lithium-ion battery packs have been steadily dropping in price. In 2010, batteries sold for $1,100/kilowatt-hour (kWh). The price has stair-stepped down each year, with batteries costing just $137/kWh in 2020.