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BloombergNEF annual battery price survey finds prices fell 6% from 2020 to 2021

Green Car Congress

Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, according to a new report from BloombergNEF (BNEF). All prices are in real 2021 $, unless stated as nominal.) At the cell level, average BEV prices were just $97/kWh.

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Analysts: 40% drop in 2023-2025 EV battery prices will boost sales

Green Car Reports

A number of factors may be converging to lower EV battery prices, which in turn could boost EV demand, according to new analysis from Goldman Sachs.

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NIO launches Battery as a Service (BaaS) in China; battery swap system

Green Car Congress

Premium EV manufacturer NIO has launched Battery as a Service (BaaS) for customers in China. NIO BaaS users can purchase a car without the battery, making EVs more price competitive against existing powertrains, while also providing the flexibility to change battery capacity depending on their needs and pay accordingly.

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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

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Due to a steady increase in availability of new models, expanded price mix within existing models and widening eligibility of federal and state incentives, acquisition cost is starting to fade as a hurdle to EV adoption, according to J.D. Additionally, both manufacturers recently announced significant price cuts on both models.

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Audi of America launches Internal Carbon Price program to support goal of lowering CO2 footprint 30% by 2025

Green Car Congress

Audi of America is among the first in the automotive industry to implement an internal carbon price program as a key initiative in the brand’s pursuit of lower CO 2 emissions.

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Benchmark’s global weighted Li-ion cell price drops to $98.2/kWh

Green Car Congress

Benchmark’s global weighted average lithium-ion cell price has fallen to $98.2/kWh kWh for the first time in two years, due to falling raw material prices. The dropping cell price is bringing the prospect of a $100/kWh battery pack closer to fruition, according to Benchmark. m-o-m during August.

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Report: $60/kwh battery pack price will make EVs cheaper than combustion

Green Car Reports

Industry analysts have held up $100 per kilowatt-hour battery costs as the point where electric cars will achieve cost parity with internal combustion, but now the target has shifted to an even more ambitious $60 per kwh, according to a blog post by The Mobilist.

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