The Division of Power’s Car Applied sciences Workplace estimates that the value of EV batteries has dropped significantly during the last 13 years. Inside EVs crunched the numbers of a number of research and printed papers, and the figures are stunning.

In line with the DOE, the value of an EV lithium-ion battery pack has declined by 87% between 2008 and 2021. In 2008, the estimated value was $1,237/kWh. Merely put, the 42 kWh battery within the BMW i3 would have value $51,954, which is greater than the complete automotive prices in 2021. The present determine is $143/kWh, which works out at $6,006.

Inside EVs factors out that these figures should not exact, because it’s practically unimaginable to work out a real-world value determine taking the complete trade under consideration. As an alternative, it is an ideal illustration of mass manufacturing’s energy.

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