Electric car battery prices are expected to decline by 67% by 2030

According to reports: If the cost of lithium-ion batteries continues to decline, the price of electric vehicles may be lower than that of fuel vehicles by 2025.

The report shows that the price of some electric car models will be the same as that of traditional internal combustion engines in 2024, and will continue to decline in 2025. But to make it all, the battery composition needs to be further reduced, even as the demand for metals for battery cells grows.

As countries and companies compete to manage urban smog and achieve the ambitious climate targets set by the Paris Agreement, the call to promote electric vehicles is growing. In September last year, members of the British Parliament asked to start research on the electric vehicle market to explore the necessary infrastructure and to try to determine whether to stop the sale of gasoline and diesel vehicles in 2040.

According to the Green Alliance report, the UK is expected to reduce the auto trade deficit by 5 billion pounds (about 70 years and hundreds of millions of dollars) through a series of incentives. The World Wildlife Fund said that the early elimination of diesel and petrol vehicles will add 14,000 jobs to the auto industry. According to another report this week, both organizations urged the UK to ban the sale of fuel vehicles ahead of 2030.

According to the report, as one of the most polluted countries in the world, the Chinese government is implementing production targets aimed at increasing the sales volume of electric vehicles, and seeking to popularize the popularity of electric vehicles in the world.Li shufu, a billionaire and founder of Zhejiang Geely holding group, bought a 7.3 billion($9 billion) stake in Daimler last month.

Driven by technology and market demand, electric vehicle battery prices are expected to fall by 67% by 2030.

Bloomberg New Energy Finance said that the large-scale manufacturing of lithium-ion batteries will help push battery prices down to $70 per kWh by 2030. The average price of battery packs in 2017 was $208 per kWh, which reduced the profitability of electric vehicles. , accounting for about two-fifths of the total cost of electric vehicles.

Colin McCerrach, a transportation analyst at the agency, said: "Electric vehicle sales will continue to grow in the next few years, but to achieve real popularity in the mass market, battery prices still need to decline further." Battery material costs continue to rise sharply, possibly delaying the turning point of electric car prices and fuel cars."

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