Market Update: How Battery Pack Costs Declined Since 2008
Blink Charging
NOVEMBER 2, 2023
The cost of battery packs has been a significant factor in the adoption of these technologies, and recent developments show that we’re moving in the right direction as prices drop. A battery with a capacity of one kilowatt-hour that once cost $7,500 in 1991 was only $181 in 2018, marking a remarkable 97% decrease in just three decades.
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