The cost of lithium-ion batteries has dropped 97% over the past three decades. It's been a steady improvement and the trend is expected to continue. https://sp

The cost of lithium-ion batteries has dropped 97% over the past three decades. It's been a steady improvement and the trend is expected to continue. https://spectrum.ieee.org/energy/batteries-storage/chart-behind-the-three-decade-collapse-of-lithium-ion-battery-costs https://spectrum.ieee.org/energy/batteries-storage/chart-beh... It looks like cost parity with ICEs will happen around 2023. https://www.caranddriver.com/news/a34992832/battery-price-drop-2023/ https://www.caranddriver.com/news/a34992832/battery-price-dr... Hydrogen is likely to be better for some applications though, like long-haul jets.