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The price of batteries has declined by 97% in the last three decades:https://ourworldindata.org/battery-price-decline https://ourworldindata.org/battery-price-d
by thelastgallon 3y ago
The price of batteries has declined by 97% in the last three decades:https://ourworldindata.org/battery-price-decline https://ourworldindata.org/battery-price-decline. And it continues to go down! The chart ends at 2018, $181/KWH. 2024 forecast is $94/KWH (half of 2018 price), 2030 forecast is $62/KWH. Thats just Lithium Ion. Newer chemistries are even cheaper. CATL first-generation cells (Sodium Ion) cost $77 per kWh, expected to drop to $40/KWH.[1]
Current estimate for a battery replacement is 4K - 20K. With energy storage's learning curve, this will be soon under $3K.
1)https://www.nextbigfuture.com/2022/12/catl-will-mix-cheaper-sodium-ion-batteries-with-lithium-for-acceptable-range-evs.html https://www.nextbigfuture.com/2022/12/catl-will-mix-cheaper-...
https://about.bnef.com/blog/behind-scenes-take-lithium-ion-battery-prices/ https://about.bnef.com/blog/behind-scenes-take-lithium-ion-b...