Study says EV battery pricing could plunge by 70% by 2025
For example, Reuters points out that the 23 kilowatt hour battery in the 2013 Ford Focus Electric is estimated to cost between $12,000 and $15,000. The McKinsey study claims that if fuel prices hold steady at $3.50 per gallon and batteries fall to the projected levels, automakers could begin to offer price-competitive electric vehicles.
The study also indicates battery manufacturers may begin to standardize cell construction and production, further reducing the cost of equipment needed to produce the packs.
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models