#1 electric vehicle, solar, & battery news + analysis site in the world. Support our work today.


Batteries no image

Published on July 8th, 2013 | by Zachary Shahan

12

40% Drop In EV Battery Prices From 2010 To 2012

July 8th, 2013 by  


Following up on the article we just published about a BMW board member’s bullish projections for EV battery range, here’s a positive find on EV battery price trends from EV Obsession:

One of the hardest and most critical factors to project when it comes to electric vehicles is the price of batteries, which make up a huge portion of an EV’s price. However, the trend is pretty obvious.

As this graph below shows, EV battery prices have fallen 40% since 2010. Regarding the future, BMW board member Ian Robertson says, “in the next three to four years there will be more progress in battery development than in the previous 100 years.” Here’s a Bloomberg New Energy Finance graph on recent and projected trends:

Lithium ion battery experience curve

When it comes to total ownership costs, EVs are already cheaper than gasmobiles for many people. As battery prices continue to drop, more and more EVs will be cheaper from Day 1. At such a point, what we be the rationale for buying a gasmobile? If range is the only remaining issue (and that shouldn’t even be an issue within a few years), people can simply rent a car once in awhile for those long-distance trips. Doing so would be far, far cheaper than buying a gasmobile for that occasional need. (And, as noted above, it’s already more logical for many people to go the electric route on a total cost of ownership basis and simply rent a gasmobile when in need.) 
 

Follow CleanTechnica on Google News.
It will make you happy & help you live in peace for the rest of your life.




Tags: , , , , , , , ,


About the Author

is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA] — after years of covering solar and EVs, he simply has a lot of faith in this company and feels like it is a good cleantech company to invest in. But he does not offer (explicitly or implicitly) investment advice of any sort on Tesla or any other company.



Back to Top ↑