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The cost of batteries for electric vehicles in 10 years has decreased by almost 9 times

The cost of batteries for electric vehicles in 10 years has decreased by almost 9 times  - What you need to know about this, here is the right place for those of you who are in love with automotive-information.com.

The cost of batteries for electric vehicles in 10 years has decreased by almost 9 times

Over the past 10 years (from 2010 to 2020), the cost of batteries for electric vehicles has decreased from $ 1110 (= 81,715 rubles) to $ 137 (= 10,085 rubles) for 1 conventional kWh of capacity, or by 89%. This is reported by the analytical company Fast Company.

In some markets, prices fell even more. For example, in China, batteries for electric buses already cost less than $ 100 per 1 kWh of capacity, and batteries for passenger cars will acquire such a price in 2023 or 2024.

According to Bloomberg analyst Logan Goldie-Scott, there is a "powerful combination of factors" in the next few years that will drive the adoption of electric vehicles further. Therefore, in 2025 they will begin to cost the same as cars with internal combustion engines under the hood, that is, the downward trend in prices for "electric trains" will only intensify.

The study also says that now electric vehicles are cheaper to operate than traditional cars with internal combustion engines.

Climate change is another driver of the growing popularity of electric vehicles. Even if now all the cars sold were electric, it would take more than 10 years for their share in the total volume to increase to 50%.

We will remind, in early December, Elon Musk said that electricity consumption in the event of electrification of passenger transport will double.

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