{"id":2813,"date":"2020-12-17T14:17:25","date_gmt":"2020-12-17T20:17:25","guid":{"rendered":"https:\/\/evglobe.com\/?p=2813"},"modified":"2020-12-19T13:56:20","modified_gmt":"2020-12-19T19:56:20","slug":"ev-battery-costs-going-down","status":"publish","type":"post","link":"https:\/\/evglobe.com\/2020\/12\/17\/ev-battery-costs-going-down\/","title":{"rendered":"EV prices could equal those of gasoline cars as early as 2023, study finds"},"content":{"rendered":"

It\u2019s that time of the year for BloombergNEF\u2019s battery price survey<\/a>, and we have some good news to share. While in 2010 the average lithium-ion battery pack prices automakers had to pay exceeded $1,100 \/ kWh, costs have come down dramatically in the decade that has passed. To be more precise, they\u2019ve plummeted by 89% to $137 per kWh.<\/p>\n

According to the analysis, the price is projected to come down furthermore in the following years, dropping to as low as $101 \/ kWh by 2023, based on BloombergNEF\u2019s forecast. That is widely regarded as being the tipping point, with prices of EVs estimated to match those of traditional vehicles powered by internal combustion engines.<\/p>\n