Electric vehicles (EVs) are set to erase the current price advantage of conventional cars when battery pack prices drop to $100 per kilowatt-hour in 2023, BNEF’s new 2020 Battery Price Survey showed on Wednesday. Average battery prices below $100/kWh are widely considered as the tipping point for mass EV adoption. Lithium-ion battery pack prices have declined by 87 percent from 2010 to 2019, with the volume-weighted average hitting US$156/kWh last year, according to estimates from BNEF. “By 2024, battery…
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