Lithium ion battery cell prices fall to $110/kWh, but raw material risk looms large

By Andrew Leyland, Head of Strategic Advisory

Lithium ion battery cell prices have decreased from $290/kWh in 2014 to $110/kWh in 2020 (large contract automotive), according to Benchmark’s latest data, yet there is a view in the lithium ion industry that this trend will continue indefinitely.

This in turn will lower the price of electric vehicles and bring cost parity between internal combustion engine (ICE) and electric vehicles (EV) in the all-important $20,000-$30,000 mass market vehicle segment.

Given the strong track record of the industry over the years you could be . . .


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