BNEF Brief: Lithium Battery Prices Fall 18 Percent

The video discusses the significant 85% decrease in battery pack prices since 2010, driven by technological advancements and economies of scale. It highlights the volatility of lithium and cobalt prices, noting their recent decline. The reduction in battery costs is making electric cars more affordable, with sales expected to rise significantly. The key turning point will be when electric vehicles become cost-competitive with internal combustion engines, anticipated in the early to mid-2020s.

What factors have contributed to the 85% decrease in battery pack prices since 2010?

What is the expected impact of increased cell manufacturing capacity on battery prices?

How has the volatility of lithium and cobalt prices affected the battery industry?

What role do battery manufacturers play in reducing the costs of electric vehicles?

When do we expect passenger electric vehicles to become competitive with internal combustion engine vehicles?