EV Battery Prices Plunge 89% in Ten Years
Mr. Sustainability
FEBRUARY 10, 2021
Summary - According to Oilprice, the price of a lithium-ion battery pack used to power an electric vehicle has plunged 89% in the last decade, from $1,100 per kWh to $137 per kWh. Marine batteries still cost significantly more, ranging between $800-$1,000 per kWh for retrofits to $500 per kWh for newbuilds.
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