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Home / Metal News / Lithium-ion battery cost to drop to $100/kWh by 2025, Bloomberg New Energy Finance

Lithium-ion battery cost to drop to $100/kWh by 2025, Bloomberg New Energy Finance

Dec 14, 2017 15:08

Source:SMM

The average cost of lithium-ion battery set is likely to be halved to $100/kWh by 2025.

SHANGHAI, Dec 14 (SMM)－The average cost of lithium-ion battery set is likely to drop to $100/kWh by 2025, from the current $209/kWh, latest data from Bloomberg New Energy Finance (BNEF) showed.

With continuous development in the battery manufacturing industry and notable economies of scale, BNEF analyst James Frith said that the timing could be even earlier. He added that this would be the turning point for electric vehicles to be used more widely.

Tesla ceo Elon Musk said in 2012 that cost of electric vehicles' battery would be below $200/kWh "in the near future". At the time, the company's battery set had a cost of around $400/kWh.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

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