Thursday, April 11, 2019

Lithium ion batteries just got 35% cheaper

Improvements in battery technology are outstripping projections. In less than a year, lithium ion battery costs have dropped by over 1/3.
The lower battery prices have big implications for electric cars, too. There’s a key cost threshold of about $100 per kilowatt hour, the point at which electric vehicles would be cheap enough to quickly supplant gasoline. At this rate, we’ll reach that in less than five years.

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