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Lithium-ion battery milestone clears road to EVs costing same as ICE vehicles

Thu, 12/17/2020 - 10:56 -- Paul Crompton

Lithium-ion batteries costing under $100/kWh hit the market for the first time this year with industry analysts predicting the average price of the technology will be around the much vaunted milestone by 2023.

Battery pack prices of less than $100/kWh were reported for e-bus applications in China, with the volume-weighted average price for e-buses in the country sitting at $105/kWh, according to research company BloombergNEF (BNEF).

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