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.

How does achieving a battery pack price below $100 per kWh impact the electric vehicle market?

What challenges remain in reducing battery pack prices to below $60.00 per kWh by 2030?