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Electric Car Costs Set to Fall
Batteries will become cheaper as production levels increase, technology improves
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The price of batteries for electric cars will tumble over the next 12 years as technological advances and ramped-up production push costs ever lower. The industry average price of a lithium-ion battery pack was $208 a kilowatt hour in 2017, or about 42 percent of the total cost of an electric vehicle, according to new research by Bloomberg New Energy Finance.