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Batteries are among the most expensive components of brand-new EVs, driving a lot of their acquisition rate. Though costly, the expenses of EV battery packs are decreasing, and current information in Energy.gov’s Fact of the Week (FotW) reveals that they are simply a portion of the rate they were years earlier.
In 2008, EV batteries set you back approximately $1,415 per kWh, a substantial cost, yet that rate has actually dropped drastically ever since. In 2023, the typical expense was simply $139 per kWh, greater than 90 percent much less than the 2008 overalls. Rates dropped the fastest in between 2009 and 2013 and have actually gotten on a fairly constant descending track in the years because.
Component of the price decline belongs to design and innovation enhancements for many years, as several car manufacturers have actually leaned right into different battery chemistries that set you back much less to fine-tune and create while supplying an equivalent array to conventional lithium-ion systems. The batteries might be sodium-ion, zinc-based, iron-air, or various other.
