DOE estimates EV battery pack costs in 2022 nearly 90% lower than in 2008
Green Car Congress
JANUARY 10, 2023
The Department of Energy’s (DOE’s) Vehicle Technologies Office estimates the cost of an electric vehicle lithium-ion battery pack declined 89% between 2008 and 2022 (using 2022 constant dollars). The decline in cost is due to improvements in battery technologies and chemistries, and an increase in manufacturing volume.
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