Industry analysts and trading platforms predict that the price of car batteries will continue to decrease in the coming years.
According to BloombergNEF, its prices will fall to $73 per kWh by 2030, representing a significant drop from current levels. This decline comes from these factors:
Increased production: As EV demand grows, batteries with efficient mobilization and sustainable properties will continue to dominate the market.
Technological advancements: Researchers are constantly developing new battery technologies that offer higher energy density, faster charging times, and longer lifespans. These advancements will further reduce battery costs.
Material costs: The prices of key battery materials such as lithium and cobalt, are expected to stabilize or even decline in the coming years.
Thus, this stability in raw material costs provides some relief to battery manufacturers, allowing them to pass on savings to consumers.