Market Update: How Battery Pack Costs Declined Since 2008
Blink Charging
NOVEMBER 2, 2023
The good news is that things are starting to change. The US Department of Energy’s Vehicle Technologies Office reported a remarkable 89% decrease in the cost of electric vehicle lithium-ion battery packs between 2008 and 2022. In 2008, the cost per kilowatt-hour (kWh) was $1,355, but by 2022, it had dropped to $153 per kWh.
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