EV Battery Pack Prices Drop the Most in Seven Years ...Middle East

OILPRICE - Economy
EV Battery Pack Prices Drop the Most in Seven Years
source : OILPRICE ( Middle East ) () 78
The price of battery packs for electric vehicles has dropped this year by the most since 2017 as oversupply from China and cheaper lithium prices have driven the decline, the annual battery price survey by BNEF showed on Tuesday. The average price of a lithium-ion EV battery pack has declined by 20% annually to $115 per kilowatt-hour (kWh) this year, BNEF’s survey found. A price of $100 per kWh is generally considered by industry observers as the inflection point at which electric vehicles (EVs) would reach price parity with conventional…

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