<
https://thedriven.io/2024/10/16/ev-battery-prices-to-fall-by-nearly-50-pct-and-near-ice-parity-by-2026-says-goldman-sachs/>
"Global electric vehicle (EV) battery prices could drop by almost another 50
per cent by 2026, according to Goldman Sachs Research, bringing with it the
potential of price parity with internal combustion engine (ICE) cars.
Technological advances designed to increase battery energy density, combined
with a drop in green metal prices, are expected to push battery prices lower
than previously expected, according to a new briefing from Goldman Sachs
Research.
It says global average battery prices declined from $153 (all prices in USD)
per kilowatt-hour (kWh) in 2022 to $149/kWh in 2023 and are projected to fall
to $111 by the end of 2024.
Goldman Sachs’ researchers further predict that average battery prices could
fall as far as $80/kWh by 2026, which would equate to a drop of almost 50 per
cent from 2023 levels.
It is at this point that the investment giant expects battery electric vehicles
could potentially achieve cost parity with ICE vehicles in the United States on
an unsubsidised basis.
To explain this expected fall in price, Nikhil Bhandari, co-head of Goldman
Sachs Research’s Asia-Pacific natural resources and clean energy research,
pointed to the introduction of new battery products that boast around 30 per
cent higher energy density and lower cost."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
