Battery Technology: A New Era Emerging
2021-3-31u2002·u2002From 2010 to 2018 the cost of a Lithium-ion battery pack dropped by 85%. By 2030 the average cost of a battery pack is expected to be well under $100/kWh. Government subsidies for the battery makers are another reason behind this explosive growth. After all, for electric cars, batteries are the main cost component at around 40% of total costs.
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