Lithium-ion battery packs now $209 per kwh, will fall to $100 by 2025:
Dec 11, 2017 Mark Stevenson ht2 Ye Wang
Tesla Model S battery pack teardown: frame from YouTube video by JehuGarcia,
Tour of Tesla battery gigafactory for invited owners, Reno, Nevada, July
Battery-pack prices are the lowest they've ever been, and like a
yoga-obsessed limbo contestant, they're primed to go even lower.
A report by Bloomberg New Energy Finance, based on a survey of "more than 50
companies," states the average cost of a electric-car battery pack is now
$209 per kilowatt-hour.
But the real shocker is the report's claim of future battery pack prices:
BNEF believes they will cost less than $100 per kilowatt-hour by 2025, just
seven years hence.
Today's average lithium-ion battery-pack price of $209 per kilowatt-hour
represents the lowest in history, a 24-percent decrease from a year ago and
an 80-percent drop since 2010.
But the $100 benchmark is when the electric-vehicle market could get
That's the price where many analysts believe EVs with 200 miles of range or
more will be on par cost-wise with conventionally powered vehicles of
similar size and with comparable features.
A global production increase in batteries and “the economies of scale that
come with it” are responsible for the price decrease, reports Bloomberg,
citing the BNEF report.
But manufacturers of stationary battery systems are likely to "pay 51
percent more than automakers because of much lower order volumes," says
This isn't the first time projections of accelerated rates of battery price
reductions have been issued.
Earlier this year, WardsAuto estimated electric-car battery prices could
drop below $100 per kilowatt-hour by 2020, and below $80 per kilowatt-hour
not long after that.
The industry journal said the price drop could cut $4,000 off the Bolt EV's
price once the additional costs of the battery pack are added to the total
Note, however, that these per-kilowatt-hour prices are for completed battery
packs, not just the cells inside them.
[image] 2018 Chevrolet Bolt EV
GM product chief Mark Reuss is on record saying the cells inside the battery
packs of every Chevrolet Bolt EV electric car cost the company just $145 per
kilowatt-hour when production started in December 2016.
Engineers and analysts suggest that the additional cost of the pack
enclosure, module housings, wiring, circuitry, and plumbing adds an
additional 20 percent to 40 percent to the cost of the cells themselves.
Taking the high end of that range, since GM uses liquid cooling to condition
its battery packs, would put the Bolt EV's pack at just over $200 per
kilowatt-hour, right in line with the average cost stated in the report.
Electric-car batteries: $100 per kwh before 2020, $80 soon after?
Electric-car battery costs: Tesla $190 per kwh for pack, GM $145 for cells
BMW Confident EV Batteries Will Match Life Expectancy Of ICE Cars
Dec 11, 2017 BMW is planning to roll out an entire range of electric and
electrified vehicles in the next few years, everything from SUVs to sports
cars. Following news that the company has trademarked every "i" moniker,
from i1 to i9, and iX1 to iX9, and even rumors that same battery technology
making its way to future M cars, BMW is ...
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