March 17: EV battery costs

The highest-priced component of an electric vehicle just got a little more affordable. 

Source: Bloomberg
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.

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