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Electric Car Batteries Drop Closer to a Cost Tipping Point

The kind of battery that powers electric vehicles is now the cheapest it’s ever been thanks to a global ramp-up in production.

Lithium-ion battery packs are selling at an average price of $209 a kilowatt-hour, down 24% from a year ago and about a fifth of what it was in 2010, a Bloomberg New Energy Finance survey shows. The rate has further to fall — reaching below $100 a kilowatt-hour by 2025, according to a report by BNEF analyst James Frith.

More www.industryweek.com/energy/electric-car-batteries-drop-closer-cost-tipping-point

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