Market Update: How Battery Pack Costs Declined Since 2008
Blink Charging
NOVEMBER 2, 2023
The Dramatic Decline in Battery Costs The Energy Battery Pack in electric vehicles is a key component in storing the energy needed to power the vehicle’s electric motor. In 2008, the cost per kilowatt-hour (kWh) was $1,355, but by 2022, it had dropped to $153 per kWh. The good news is that things are starting to change.
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