The cost of batteries for electric cars for the first time fell below $100 per kWh

The cost of batteries for electric cars for the first time fell below $100 per kWh


The agency BloombergNEF presented a fresh study of the battery market for electric vehicles. In 2020, for the first time, the cost of battery packs fell below the psychologically important mark of $ 100 per kilowatt-hour of capacity.

We are talking, however, about the cheapest batteries that are put on buses in China. For passenger electric vehicles, the average cost of a battery is now $ 126 per kilowatt-hour, of which $ 100 is spent on the cost of batteries and $ 26 on their assembly into the battery itself.

If you take all the batteries for transport, including electric cars, rechargeable hybrids, motor vehicles, and so on, the average cost in 2020 is $ 137 per kilowatt-hour. For comparison, in 2010, such a battery cost an average of $ 1,100 per kilowatt-hour. According to the forecast of BloombergNEF, the average price of batteries in the world will fall below the $ 100 mark in 2023.

It is expensive batteries that have long been the main reason for inflated prices for electric vehicles relative to cars with internal combustion engines. In 2020, it turns out that the cost of a battery per 100 kilowatt-hours, which the average electric car has enough for about 500 kilometers of travel, is 13 thousand 700 dollars.

Analysts note that now the rate of decline in the cost of batteries has slowed down. This is due to the lack of necessary raw materials. There are enough directly discovered deposits of chemical elements on the planet, but it will take some time to increase the volume of their production.

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