EV prices could equal those of gasoline cars as early as 2023
Home » News » EV prices could equal those of gasoline cars as early as 2023
It’s that time of the year for BloombergNEF’s battery price survey, 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’ve plummeted by 89% to $137 per kWh.
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’s 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.
Batterie au lithium passera sous les 100 dollars/kWh en 2023
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Historic milestone : Battery pack prices fall under critical $100/kWh mark for first time
EV sales are expected to boom as fossil fuel sales bans snowball over coming decade
Update from BloombergNEF reveals battery pack prices have plummeted from $1,100 per kWh in 2010 to $137 per kWh in 2020, powered by soaring EV sales, cheaper materials, and manufacturing and tech innovation
Lithium-ion battery pack prices have for the first time dropped under the $100 per kWh threshold widely regarded to be the price point required where electric vehicles (EVs) will be able match the upfront.
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