'Historic milestone': Battery pack prices fall under critical $100/kWh mark for first time

Cecilia Keating
clock
EV sales are expected to boom as fossil fuel sales bans snowball over coming decade
Image:

EV sales are expected to boom as fossil fuel sales bans snowball over coming decade

Update from BloombergNEF reveals battery pack prices have plummeted from $1,100 per kWh in 2010 to $137 per kWh in 2020, powered by soaring EV sales, cheaper materials, and manufacturing and tech innovation

Lithium-ion battery pack prices have for the first time dropped under the $100 per kWh threshold widely regarded to be the price point required where electric vehicles (EVs) will be able match the upfront...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Access our Intelligence Reports, exclusive data-rich studies on business-critical aspects of the green economy (BG Advanced members only)
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Automotive

Credit: Cabinet Office / Flickr

Global Briefing: Grenada's Simon Stiell reportedly tipped for UN climate chief role

Europe opens largest solar plant, Poland advances SMR plans, and Canada seeks more sustainable potatoes in this week's Global Briefing

James Murray
clock 12 August 2022 • 9 min read
Government unveils plan to boost support for energy intensive industries

Government unveils plan to boost support for energy intensive industries

New consultation proposes extending exemption from environmental and policy costs enjoyed by energy intensive industries

James Murray
clock 12 August 2022 • 4 min read
Credit: Carbios

Bio-recycling gets fashionable with enzymes that will eat your shoes

French biotech start-up Carbios is making rapid progress working with some of the world's biggest fashion brands to deliver a new approach to polyester recycling

CJ Clouse, GreenBiz.com
clock 12 August 2022 • 8 min read