Trends Indicate Continuing Fall in Battery Prices
ABB’s director of electric vehicles (“e-mobility,” as it’s called in Europe), Hans Streng, recently wrote a pretty popular piece on how fast electric vehicle battery prices are coming down and how much that’s going to transform the auto and energy markets. Our readers asked for more details following the repost, especially regarding the statement that “battery prices are dropping by 20-30% each year.” So, I reached out and got the following response (slightly edited):
Don’t expect any gradual effect in the e-mobility industry. Volumes increase exponentially and prices decline exponentially.
Here are recent price movements as reported by different media.
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