MIT

Powering The EV Revolution — Battery Packs Now At $156/kWh, 13% Lower Than 2018, Finds…

Bloomberg New Energy Finance (BNEF) has released the results of its 2019 Battery Price Survey, finding that industry-weighted average battery pack prices have already fallen to $156 per kWh. This is over 13% lower than the 2018 average ($180/kWh, when adjusted for inflation), and BNEF foresees cost reductions continuing, with $100/kWh potentially being reached by 2023. Let’s dive in.

ChatGPT & DALL-E generated panoramic image depicting a lighthouse amidst stormy seas with the Oxford Principles for Geoengineering artistically integrated into the scene.

Oceans Need Geoengineering, Not The Atmosphere

Solar geoengineering is a bandaid on the symptoms, not a cure for the causes. It’s like putting out the fires caused by an arsonist wandering around with a flamethrower instead of confiscating and shutting off the flamethrower itself. Global heating would slow and stabilize if we stopped forcing more CO2 into the system. But it’s unclear if that’s as true for oceanic carbon uptake.