Today's episode of Autology is based on a recently published battery report, which aims to forecast the evolution of battery prices by analyzing the historical data. EV batteries account for about 30% to 40% of the total cost of a battery electric vehicle (BEV), making it the single most strategic component that is not only keeping the prices of BEVs more than their ICE counterparts but is also pushing the carmakers to rework their respective global supply chains. As a result, the price of an EV battery and the factors contributing to it remains one of the key topics of interest for the vehicle manufacturers globally.
For long, it was believed that battery electric and ICE cars will achieve price parity once the price of a lithium-ion battery pack gets to a $100 per kWh, resulting into a widespread adoption of BEVs globally. Our battery experts try to explain the relevance of this riddle by using S&P Global Mobility data sets and factoring in the volatility of battery material prices. The podcast also gives an insight on the difference in battery production costs in mainland China and Europe and North America and factors contributing to these dynamics.
Tune in to this episode of Autology as we discuss the evolution in the price of batteries, most favored battery chemistries and new innovations and the impact of global BEV slowdown on the supply chain.
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