Evelina Stoikou
@evelinastoikou.bsky.social
Battery technology, supply chain & competitive landscape at BloombergNEF. Views are my own.
What's next? Metal prices may rise as geopolitical tensions, tariffs, and stalled mining projects impact supply. However, higher LFP adoption, technology advances and competition will push battery prices down. For more see our public press release here: shorturl.at/TcVUc
Lithium-Ion Battery Pack Prices See Largest Drop Since 2017, Falling to $115 per Kilowatt-Hour: BloombergNEF | BloombergNEF
New York, December 10, 2024 – Battery prices saw their biggest annual drop since 2017. Lithium-ion battery pack prices dropped 20% from 2023 to a record
shorturl.at
December 10, 2024 at 3:50 PM
What's next? Metal prices may rise as geopolitical tensions, tariffs, and stalled mining projects impact supply. However, higher LFP adoption, technology advances and competition will push battery prices down. For more see our public press release here: shorturl.at/TcVUc
EVs are still more expensive than comparable combustion cars in many markets, but broader access to cheaper batteries will close the gap.
More on @colinmckerracher.bsky.social's piece on Bloomberg's Hyperdrive: shorturl.at/9AEFi
More on @colinmckerracher.bsky.social's piece on Bloomberg's Hyperdrive: shorturl.at/9AEFi
China’s Electric-Car Push Drives Global Battery Price Declines
Thanks for reading Hyperdrive, Bloomberg’s newsletter on the future of the auto world.
shorturl.at
December 10, 2024 at 3:50 PM
EVs are still more expensive than comparable combustion cars in many markets, but broader access to cheaper batteries will close the gap.
More on @colinmckerracher.bsky.social's piece on Bloomberg's Hyperdrive: shorturl.at/9AEFi
More on @colinmckerracher.bsky.social's piece on Bloomberg's Hyperdrive: shorturl.at/9AEFi
Average battery prices for passenger EVs are now below $100/kWh, often seen as the threshold for price parity with ICEs. Some EVs have achieved it, but this varies by region, segment and automaker.
December 10, 2024 at 3:50 PM
Average battery prices for passenger EVs are now below $100/kWh, often seen as the threshold for price parity with ICEs. Some EVs have achieved it, but this varies by region, segment and automaker.
Battery pack prices were lowest in China at $94/kWh, while US and Europe prices were 31% and 48% higher due to market immaturity, higher costs and lower volumes. The gap was wider than in previous years, implying that the price drop was more accentuated in China.
December 10, 2024 at 3:50 PM
Battery pack prices were lowest in China at $94/kWh, while US and Europe prices were 31% and 48% higher due to market immaturity, higher costs and lower volumes. The gap was wider than in previous years, implying that the price drop was more accentuated in China.
Lower metal prices played a role, but a major driver in the drop in battery prices is overcapacity. Manufacturers ramped up production expecting surging demand, but EV sales have grown slower than anticipated. This forced producers to slash prices to outcompete rivals.
December 10, 2024 at 3:50 PM
Lower metal prices played a role, but a major driver in the drop in battery prices is overcapacity. Manufacturers ramped up production expecting surging demand, but EV sales have grown slower than anticipated. This forced producers to slash prices to outcompete rivals.