Many analyses have shown that EV battery costs stopped decreasing in 2022, putting off affordability goals. But the U.S. Department of Energy (DOE) recently issued a reality check.
Based on 2022-constant dollars, battery costs actually continued falling last year at the pack level, despite accelerated inflation, according to DOE estimates. The agency estimated the average cost of an EV lithium-ion battery pack at $153/kwh on a usable-energy basis for production at scale of at least 100,000 units annually.
U.S.DOE estimated EV battery pack cost, 2008-2022
That represents an 89% decrease from 2008, when a comparable figure was $1,355/kwh, according to the DOE. The agency attributes the decline in cost to “improvements in battery technologies and chemistries, and an increase in manufacturing volume.”
In addition to highlighting the progress made in battery affordability over the past 14 years, the DOE’s constant-dollar analysis is more optimistic than others. On a flat-dollar analysis—and looking at gross capacity rather than usable—battery costs climbed 7% in 2022, according to one report. With battery packs making up so much of the cost of an EV, lowering battery prices is key to making them more competitive with internal-combustion cars, and attainable for more people.
Rivian battery pack
Battery cost was attributed to a range of price hikes over the past year, including some from Tesla, and even a recent price hike from Volkswagen. A recent study suggested that cost was still one of the most critical barriers for EV adoption, so that’s not an encouraging trend.
Auto industry executives have hinted at a softening of the market soon—with one even predicting a market “collapse”—if EV prices don’t fall. It’s too early to tell when that might happen, though.
I appreciate the balanced perspective you provided here.
cheap lasuna sale – diarex pills where to buy himcolin without a prescription
buy generic besifloxacin online – cheap sildamax online sildamax pill
buy probalan without a prescription – buy etodolac 600 mg generic tegretol 400mg drug
buy celebrex 200mg online – buy celecoxib pills for sale buy indomethacin 50mg sale
buy diclofenac no prescription – diclofenac price aspirin pill
buy generic rumalaya – shallaki for sale online elavil ca
buy generic pyridostigmine 60 mg – azathioprine over the counter order azathioprine 25mg without prescription
voveran tablet – buy generic voveran cheap nimotop online
order baclofen 10mg online cheap – buy baclofen pills buy piroxicam pills for sale
buy meloxicam online – buy cheap generic rizatriptan buy generic ketorolac
brand periactin – cyproheptadine 4 mg ca buy generic tizanidine
purchase trihexyphenidyl generic – buy cheap voltaren gel order voltaren gel for sale
buy cefdinir tablets – purchase cefdinir generic cleocin medication
order generic isotretinoin 10mg – buy deltasone pills buy deltasone 20mg sale
how to buy acticin – benzoyl peroxide cream buy retin cream without prescription
buy betnovate 20gm generic – buy differin for sale order benoquin sale
metronidazole 200mg pills – flagyl 200mg uk buy cenforce 50mg sale
buy clavulanate paypal – synthroid 150mcg without prescription cheap synthroid tablets
buy cleocin 150mg sale – buy cleocin pill buy indomethacin 75mg online
purchase cozaar without prescription – cozaar 50mg pills buy cephalexin 500mg online cheap
order generic eurax – buy generic bactroban ointment for sale order generic aczone
cheap provigil 200mg – order meloset 3mg sale melatonin 3mg cost
how to get zyban without a prescription – ayurslim medication order shuddha guggulu online
xeloda 500mg for sale – order capecitabine generic buy generic danocrine
prometrium 100mg ca – clomiphene cost buy clomiphene no prescription
fosamax over the counter – fosamax order order medroxyprogesterone sale
aygestin 5mg ca – buy generic bimatoprost yasmin pills
order cabergoline 0.25mg generic – purchase premarin generic cost alesse
estradiol 2mg cheap – buy femara pill buy arimidex no prescription
バイアグラジェネリック йЂљиІ© – バイアグラ е‰ЇдЅњз”Ё シアリスジェネリック йЂљиІ©
гѓ—гѓ¬гѓ‰гѓ‹гѓі – 5mg – г‚ўг‚ёг‚№гѓгѓћг‚¤г‚·гѓійЊ 500mg еј·гЃ• г‚ёг‚№гѓгѓћгѓѓг‚Ї е‰ЇдЅњз”Ё