BNEF Brief: Battery Pack Prices Fall As Market Ramps Up

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.

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

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

• Stationary energy storage

• Aerospace

• Textile

• Agriculture

What is the expected average battery pack price by 2024?

• $250 per kWh

• $200 per kWh

• $100 per kWh

• $150 per kWh

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

• $80

• $60

• $100

• $120

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