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> "Goldman Sachs Research now expects battery prices to fall to $99 per kilowatt hour (kWh) of storage capacity by 2025 — a 40% decrease from 2022 (the previous
by elihu 3y ago
> "Goldman Sachs Research now expects battery prices to fall to $99 per kilowatt hour (kWh) of storage capacity by 2025 — a 40% decrease from 2022 (the previous forecast was for a 33% decline). Our analysts estimate that almost half of the decline will come from declining prices of EV raw materials such as lithium, nickel, and cobalt."
It wouldn't surprise me if BYD, CATL, and Tesla were already there now. Not sure if there's public information on that though. I'd imagine they'd keep it a secret if they can.
Funny they mention nickel and cobalt, since they're not actually required. I think LFP cells are somewhere around half the EV-battery market these days.
- sunshinesnacks 3y ago> Funny they mention nickel and cobalt, since they're not actually required. I think LFP cells are somewhere around half the EV-battery market these days. Agreed!