TECH
The story of cheaper batteries, from smartphones to Teslas
TECH

The story of cheaper batteries, from smartphones to Teslas

Published: May 22, 2020  |  7 min read, 1423 words
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In 2010, a lithium-ion battery pack with 1 kWh of capacity—enough to power an electric car for three or four miles—cost more than $1,000. By 2019, the figure had fallen to $156, according to compiled by BloombergNEF. That's a massive drop, and experts expect continued—though perhaps not as rapid—progress in the coming decade. Several forecasters project the average cost of a kilowatt-hour of lithium-ion battery capacity to fall below $100 by the mid-2020s.That's the result of a virtuous circle where better, cheaper batteries expand the market, which in turn drives investments that produce... READ MORE
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