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Unlike Oil, Battery Technology Keeps Dropping in Price

Positive Future #238 (Feature photo – Battery Electric Vehicle for the Elderly in Norway – CCO 1.0 Universal Public Domain Dedication) InsideEVs reports on the latest findings of Bloomberg New Energy Finance. On average, some 16 to 17 million new cars are sold in America each year. Global estimates are that some 11 million plug-in cars will be sold in the year 2025. The world may be on target to sell 2 million plug-ins in 2018. In 2010, battery packs for cars were estimated to cost $1,000 per kWh. By the end of 2017, that cost had dropped to $209 per kWh. This suggests that the battery in a top-end…

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