5 ms·
How many years did it take for them to drop by the previous factor of 100?
by dash2 2y ago
How many years did it take for them to drop by the previous factor of 100?
- bsder 2y agoErm, never a factor of 100. Lithium battery prices dropped from about $700-ish per kWH to about $140 or so. About 1/5 in 10 years and most of the drop was early (about a factor of 1/3 from 2013 to 2016). Lithium battery prices will continue to drop, but the big gains are over. It's now going to be a slow industrial production decrease over time.
- DennisP 2y agoBut the history of lithium-ion is thirty years long, and over that period, their price did drop by 99%: https://rmi.org/the-rise-of-batteries-in-six-charts-and-not-too-many-numbers https://rmi.org/the-rise-of-batteries-in-six-charts-and-not-... The drop has been a fairly steady exponential, so if you look at the last decade, of course most of the drop was early, since that's how exponentials work. As far as anyone can tell, the trend shows no sign of stopping anytime soon.