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Batteries For Electric Cars Speed Toward a Tipping Point
Posted
March 12, 2021
Views
1,881
Likes
25
Comments
4
Engagement
1.54%
March 12, 2021
1,881
25
4
1.54%
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2:46Now PlayingBatteries need to get cheaper before electric vehicles can become more mainstream. According to BloombergNEF, the battery pack accounts for anywhere between 25-40% of an electric vehicle’s cost. Prices have come down by almost 90% over the last decade, but we’re still not hitting the magic number for batteries: $100/kilowatt-hour. That’s the price at which EVs should achieve price parity with the nearest equivalent gas-guzzling car. The price of the average pack now? $156/kilowatt-hour.
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