'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
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now

 

Already a BusinessGreen
member?

Login

More on Automotive

Why sustainable fashion is not a fad, but the future - and what cotton is doing about it

Why sustainable fashion is not a fad, but the future - and what cotton is doing about it

Alan McClay, CEO, Better Cotton

Alan McClay, Better Cotton
clock 21 December 2021 • 4 min read
Future Meat's production facility in Rehovot, Israel | Credit: Future Meat

Lab-grown meat pioneer Future Meat raises $347m as it eyes US expansion

Israeli firm announces record investment as it slashes estimated cost of producing cultivated chicken by more than half over the last six months

Cecilia Keating
clock 21 December 2021 • 2 min read
Australia PM Scott Morrison and UK PM Boris Johnson first announced the deal in principle after a meeting in London in the summer | Credit: Number 10

'Unwelcome Christmas present': How the new UK-Australia trade deal is fuelling deforestation fears

Farmers and environmental groups hit out at terms of free trade deal they warn risks undermining UK environmental standards

Michael Holder
clock 17 December 2021 • 8 min read