<
https://www.goldmansachs.com/intelligence/pages/electric-vehicle-battery-prices-falling.html>
"It wasn’t long ago rising demand and component shortages sparked concern that
“greenflation” would drive up prices for the batteries used in electric
vehicles. That’s subsiding as prices cool for battery metals, which could help
make EVs more competitive with traditional cars more quickly.
Goldman Sachs Research now expects battery prices to fall to $99 per kilowatt
hour (kWh) of storage capacity by 2025 — a 40% decrease from 2022 (the previous
forecast was for a 33% decline). Our analysts estimate that almost half of the
decline will come from declining prices of EV raw materials such as lithium,
nickel, and cobalt. Battery pack prices are now expected to fall by an average
of 11% per year from 2023 to 2030, writes Nikhil Bhandari, co-head of Goldman
Sachs Research’s Asia-Pacific Natural Resources and Clean Energy Research, in
the team’s report.
As battery prices fall, Goldman Sachs Research estimates the EV market could
achieve cost parity, without subsidies, with internal combustion engine (ICE)
vehicles around the middle of this decade on a total-cost-of-ownership basis."
Via
Future Crunch:
<
https://futurecrunch.com/good-news-domestic-violence-australia-malaria-rwanda-whales-dominica/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
