Lithium-ion battery price — Trends and forecast

EV batteries account for 30-40% of the total cost of an electric vehicle which makes an EV less The affordable than a comparable internal combustion engine (ICE) vehicle. The price of an EV battery and how it can be brought down has been a topic of interest for the automotive industry for a long time.

Over the decade, the cost of batteries have fluctuated owing to several factors including price of critical raw material the steadiness of the supply chain, EV demand and policies. The ‘Lithium-ion battery price — Trends and forecast’ report aims to forecast the evolution of battery prices by analyzing the historical data while considering these factors that could impact the pricing to project how the Li-ion battery prices would move over the next decade.

However, there are also unforeseen factors, especially of a geopolitical nature, or natural disasters that can significantly impact the materials and battery industry, altering the price trend.