Worldwide, lithium ion battery prices declined 20% in 2024. That's the largest drop since 2017.
The greatest cost reductions were in Chinese battery manufacturing. > "The faster pace of battery cost reduction and innovation in China has > been enabled by fierce competition that has driven down profit margins > for most producers (though not all), at the same time as driving up > manufacturing efficiency and yields, as well as access to a large, > skilled workforce." [...] > hybrid batteries are more expensive than EV batteries, despite being > significantly smaller. "The price of such components is spread across > fewer battery cells, increasing the price per kilowatt-hour," the > study said. "In 2024, the average price of a 20 kWh PHEV battery > pack-roughly the global sales-weighted average for standard plug-in > hybrids-was about the same as a 65 kWh BEV battery pack." > China's near-total lead on lithium iron phosphate (LFP) batteries is > having a big impact on the market ... their performance has improved > significantly... Their use grew by about 90% in 2024 in the European > Union, but remained at only 10% in the United States ... Full story: https://insideevs.com/news/761338/ev-battery-costs-down-2024/ David Roden, EVDL moderator & general lackey To reach me, don't reply to this message; I won't get it. Use my offlist address here : http://evdl.org/help/index.html#supt = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = We can't solve problems by using the same kind of thinking we used when we created them. -- Alan Kay = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = _______________________________________________ Address messages to [email protected] No other addresses in TO and CC fields HELP: http://www.evdl.org/help/
