Falling Battery Price Transforms Economics of Green Energy

Good News Notes:

“A dramatic fall in the price of lithium-ion batteries over the past decade is transforming the economics of renewable energy as well as the affordability of electric vehicles.

Since 2010 the cost of a lithium-ion battery per kilowatt hour (kWh) has fallen almost 90%, from $1,183 in 2010 to just $156 in 2019.

Given a typical electric car might have a 30 kWh battery, it means that battery in 2010 would have cost over $35,000. Now, the cost of that same battery would be less than $5,000.”

View the whole story here: https://news.wttw.com/2020/01/02/falling-battery-price-transforms-economics-green-energy

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