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Tesla’s Battery Prices Falling Faster Than Everyone Else’s — Who Knew? (+ Cool EV Battery Charts)

The International Energy Agency just released a blockbuster report on electric vehicles. Steve noted some interesting facts regarding charging networks unveiled by the report. James highlighted on EV Obsession that EVs are the only key decarbonizing technology that is on pace to keep global warming under 2ºC. And we’ll soon repost a great summary article from Carbon Brief on the report. But there’s one more interesting highlight EV Annex pulled out of it.

This highlight is one that I’ve been focusing on for presentations I’ve given around the world (India, Canada, US, Germany … and for the people from dozens or >100 countries around the world who read CleanTechnica): Tesla leads the industry in driving down the cost of EV batteries.

EV battery prices

From the report: “Key point • The development of battery energy density and cost over the past decade gives encouraging signs on the possibility to meet targets defined by carmakers and the United States Department of Energy.

Notably, though, and as I always point out when discussing Tesla’s battery leadership, LG Chem is very close to it, and the Chevy Bolt is one car that is clearly set to benefit from that.

This tags onto (or leads into) another chart I was planning to share and write about. CleanTechnica reader “Ed” shared this interesting chart on Monday (regarding Li-ion batteries for consumer electronics):

battery energy density cost

And followed up with this one:

LG Chem battery cost energy density

Clearly, from the IEA report, energy density keeps improving at a good pace, and cost is dropping at a great clip.

For more on the topic, we’ve covered it in the past here:

EV Battery Prices: Looking Back A Few Years, & Forward Yet Again

EV Battery Costs Already ‘Probably’ Cheaper Than 2020 Projections


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Written By

Zach 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], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

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