A new research note from battery supply chain specialist and price reporting agency, Benchmark Mineral Intelligence, has a warning for carmakers about the direction of battery prices used in electric vehicles – that they won’t fall indefinitely. Andrew Leyland, Head of Strategic Advisory at Benchmark, points out that lithium-ion battery cell prices have fallen from $290 per kiloWatt hour six years ago to $110/kWh today, driven by economies of scale and technological improvement. Some industry forecasts have prices falling…
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