What has driven battery cell costs below $100 per kWh?

Since 2014 the cost of producing a battery cell has more than halved despite raw material price rises. Here, Simon Moores looks at how the lithium ion battery industry can continue to drive costs down and add even further economic impetus to the energy storage revolution
Breaking the $100/kWh lithium ion battery production cost barrier was once seen as the watershed moment for electric vehicles (EVs).

Despite the goalposts now shifting to a $100/kWh battery pack, Tesla and Panasonic’s achievement of producing a cell for under $100/kWh at Gigafactory 1, according to new Benchmark . . .