L R AS Published on Monday 11 January 2021 - n° 345 - Categories:lithium batteries
The average price of batteries in 2020 is $137/kWh, (-13% over 2019).
The average price of batteries in 2020 is $137/kWh. This represents a 13% drop from the 2019 average. On the market, prices below $100/kWh were seen for the first time in China for electric buses. The average price of $100/kWh
will not be reached until 2023, according to BloombergNEF.
The price of batteries for electric vehicles has averaged $126/kWh based on volume. The average price for battery cells has been $100/kWh.
It is estimated that when the average price of batteries averages $100/kWh, the price of electric vehicles will be at the same price as internal combustion automobiles.
Price reductions in 2020 are due to increased order sizes, growth in EV sales and the introduction of new battery models. New cathode chemistries and lower manufacturing costs will drive prices down. Component prices have fallen since peaking in the spring of 2018. They have stabilised in 2020. Even if raw material prices were to return to the peaks reached in 2018, this would only delay average prices of up to USD 100 per kWh by two years.
The major battery manufacturers now enjoy gross margins of up to 20%. Their factories are operating at production rates above 85%.
BloombergNEF of 16 December
