Climate Changed
The Latest Bull Case for Electric Cars: the Cheapest Batteries Ever
- Average price of lithium-ion battery pack: $209/kilowatt-hour
- Prices are set to fall below below $100/kWh by 2025: BNEF
Why Electric Cars Aren't Taking Over Yet
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The kind of battery that powers electric vehicles is now the cheapest it’s ever been thanks to a global ramp-up in production.
Lithium-ion battery packs are selling at an average price of $209 a kilowatt-hour, down 24 percent from a year ago and about a fifth of what it was in 2010, a Bloomberg New Energy Finance survey shows. The rate has further to fall -- reaching below $100 a kilowatt-hour by 2025, according to a report by BNEF analyst James Frith.