BNEF Brief: Battery Pack Prices Fall As Market Ramps Up

BNEF Brief: Battery Pack Prices Fall As Market Ramps Up

Assessment

Interactive Video

Business

University

Hard

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The video discusses the rapid scaling of the electric vehicle industry and other sectors like energy storage and commercial vehicle electrification. It highlights the impact of new cell chemistries on reducing costs. The electrification of school buses and other sectors is also covered. The video forecasts battery pack prices dropping below $100 per kWh by 2024, reaching potential market parity with internal combustion engines. By 2030, prices could fall below $60 per kWh, though the path to these prices remains uncertain due to technological challenges.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been a significant factor in the scaling of the electric vehicle industry?

Increase in fuel prices

Government subsidies

Public transportation improvements

Introduction of new cell chemistries

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which industry is increasingly using electrification due to lower battery costs?

Stationary energy storage

Aerospace

Textile

Agriculture

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected average battery pack price by 2024?

$250 per kWh

$200 per kWh

$100 per kWh

$150 per kWh

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By 2030, what is the projected battery pack price per kWh?

$80

$60

$100

$120

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is still unclear about reaching future battery pack price targets?

The role of government policies

The availability of raw materials

The demand for electric vehicles

The number of technologies that could be introduced