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    EV battery price could fall to $80 / kWh by 2026, and unsubsidised Battery Electric Vehicles achieve cost parity with ICE vehicles in the US.
    Futurology

    EV battery price could fall to $80 / kWh by 2026, and unsubsidised Battery Electric Vehicles achieve cost parity with ICE vehicles in the US.

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    3 Comments

    1. IntrepidGentian on

      “Global electric vehicle (EV) battery prices could drop by almost another 50% by 2026, according to Goldman Sachs Research, bringing with it the potential of price parity with internal combustion engine (ICE) cars.

      Technological advances designed to increase battery energy density, combined with a drop in green metal prices, are expected to push battery prices lower than previously expected …

      It says global average battery prices declined from $153 USD per kilowatt-hour (kWh) in 2022 to $149/kWh in 2023 and are projected to fall to $111 by the end of 2024.”

    2. neospacian on

      I wish they would use better metrics because this simply highlights the upfront costs, it doesn’t say anything about the cost per lifecycle of the battery. LFP lasts alot longer than li-ion NMC.

    3. Dark_Matter_EU on

      Gas cars are subsidized. Fossil fuel was subsidized with $7T last year globally. +$2T in the last 2 years.

      EVs are already cheaper today in terms of the cost of ownership over multiple years. A car isn’t only the purchasing price. But most people don’t think that far.