Despite the fact that battery costs have been dropping since 2010, a recent spike in the price of key battery metals like lithium has cast doubt on their future. So, here we break down the cost of an EV battery cell.
The global supply of electric vehicles (EVs) and demand for their batteries is increasing as battery costs continue to fall.
Since 2010, the average cost of a lithium-ion (Li-ion) EV battery pack has dropped from $1,200 per kilowatt-hour (kWh) to just $132/kWh in 2021, ac...
