27/02/2023
Since 2010, the price of lithium-ion batteries has decreased dramatically, with the price in 2021 totaling US$137 per kilowatt hour, an astounding 89% decrease.
BloombergNEF reports that the pack costs were expected to reach sub-$100 levels in 2024, but that this timescale has been changed due to supply chain issues and other impacting factors, putting us one step closer to the affordability of electric vehicles by 2026.
Read the article of Borates Today metioned below to know more about what's the driving force behind this prive fluctations in the lithium battery market. https://borates.today/lithium-battery-prices-set-to-soar/
Lithium battery pack prices have been steadily increasing since 2022 taking both manufacturers and consumers by surprise. This shift marks a significant rise and is a trend set to continue over the next few years.