09-21-2023, 01:50 AM
Quote:The cost of batteries fell by nearly 10 per cent in August, taking them past a key milestone that is seen by energy analysts as a “tipping point” to supercharge the transition to electric vehicles. The price of lithium-ion battery cells, which power everything from smartphones to the International Space Station, fell below $100/ kilowatthour (kWh) last month – a 33 per cent drop from March 2022 and an 8.7 per cent month-on-month drop. Energy analytics firm Benchmark Mineral Intelligence, who compiled the figures, noted that battery pack prices need to reach $100/kWh for electric vehicles to reach price parity with fossil fuel-burning vehicles..Electric cars approach ‘tipping point’ as lithium battery prices plummet | The Independent