The average cost of battery packs has dropped by 90% from 2008 to 2023

According to foreign media reports, the large-scale popularity of electric vehicles is related to two main factors, namely the energy density of the battery (related to the range) and the cost of the battery (related to the price of the vehicle).

Both factors have improved tremendously over the past 15 years.

, Data released by the U.S. Department of Energy’s (DOE) Office of Vehicle Technology shows that if a fixed 2023 dollar is used to reflect purchasing power (adjusted for inflation), the average cost of lithium-ion battery packs for light electric vehicles will be reduced by 90% between 2008 and 2023.

According to the report, the cost of available battery capacity for electric vehicles in 2023 will be approximately US$139 per kilowatt hour, and in 2023 fixed dollars, the cost in 2008 will be US$1,415 per kilowatt hour.

This estimate is based on the production of at least 100,000 battery packs per year.

, Photo source: Tesla, the report said that reducing battery costs mainly depends on three main factors: improvements in battery technology and chemical composition, improvements in manufacturing processes, and increases in production.

, At $139 per kilowatt-hour, a new battery pack with a capacity of 100 kilowatt-hours should cost $13,900.

The more common 80 kilowatt-hour battery pack should cost US$11,120.

, The current price of an electric vehicle is between US$35,000 and US$40,000.

It can be seen that batteries are still the most expensive component among electric vehicles.

But looking back ten years ago, the price of electric vehicles was still in this range, but the battery capacity was only 24 to 30 kilowatt hours, and the cruising range was several times shorter than today’s electric vehicles.

The question to consider now is whether battery costs will continue to fall significantly in the next few years.

There are still some new technologies under research and development, and the scale of production may also expand in the future.

In the long run, battery recycling and reuse technology should further reduce material costs.

, Return to the first electric network home page>,.

Link to this article: https://evcnd.com/the-average-cost-of-battery-packs-has-dropped-by-90-from-2008-to-2023/

Like (0)
evchinaevchina
Previous August 7, 2024
Next August 7, 2024

Related Suggestion