Electric car battery is getting cheaper or halved by 2025

- Jan 10, 2018-

Today, more and more companies are starting to re-bet in the electric vehicle sector. The advantage of the above phenomenon is that when any new product is no longer fresh, their price will become more and more easily accepted by the public. Now almost every electric car powered by lithium battery in recent market is complying with this law.

Today, more and more companies are starting to re-bet in the electric vehicle sector. The advantage of the above phenomenon is that when any new product is no longer fresh, their price will become more and more easily accepted by the public. Now for the market almost every electric car powered lithium battery is to comply with this law.



A recent survey conducted by Bloomberg New Energy Finance, a data source for the Bloomberg New Energy Group, shows that the global production capacity increase may push the price of power battery to the lowest in history.

At present, the average selling price of lithium batteries is 209 US dollars per kilowatt hour , a decrease of 24% over a year earlier. In 2010, this figure is 1000 US dollars.

James Frith, an analyst at the institute, said in a report that the drop will widen further.

By 2025, the price of power batteries is expected to 100 US dollars per kilowatt-hour . This means that by then the price of the power battery will be reduced by more than half .

Bloomberg New Energy Finance estimates the above prices based on a follow-up survey of 50 companies since 2010.

This figure is also consistent with the United States Wards Automotive magazine earlier judgments. The magazine said in a story that several key players in the energy technology industry are expected to help push the price of power batteries down to $ 80 by the mid-2020s.

For the electric car industry, this is undoubtedly an excellent good news. Because even now, electric car manufacturers and owners still found that the terminal price of such products is generally higher than the traditional power car models.


In fact, the cost of moving parts of electric vehicles themselves is much lower than that of conventional powered vehicles, but the cost of large components such as battery packs themselves is quite high. As the core technology of electric vehicles, "three electricity" (battery, motor, electric control), the battery price is considered to have a direct impact on the final price of electric cars.

In the future, car manufacturer' race to mass-produce electric cars will no longer focus on power and will focus more on cruising range. Because electric cars can produce the maximum torque in the start moment, drivers often make "this car is fast," the sigh, and electric manufacturers would like to use technology to make such a good experience to last longer. This means the vehicles need carrying larger capacity battery pack as much as possible,but it will substantially increase the manufacturing cost of electric vehicles and pricing.

For example, according to the current battery price standard, a 100 kWh battery pack of electric vehicles, the battery cost alone as high as 20,900 US dollars (about 138,400 yuan). Therefore, such high-capacity batteries are also mostly used for luxury electric vehicles such as the Tesla Model S, which is officially sold for $ 94,000.

However, other auto makers such as Volkswagen, which face the main market, now have plans to use battery packs of similar or even larger capacity for their electric products. This is because the decrease price of battery packs has become a trend.

By 2025, 100 kWh of battery pack costs will drop about 53% to 10,000 US dollars (about 66,200 yuan). Fries said the $ 100 battery price in the industry is widely considered to be "a turning point in the popularity of electric vehicles."

Bloomberg New Energy Finance believes that the decline in battery prices directly reflects the expansion of the battery manufacturing industry scale. "The increase in the size of the industry will lead to economies of scale." The report concludes.

For EV manufacturers, the economies of scale achieved through platform leveling can also help drive the popularity of EVs with price leverage - as platform development costs continue to drop, EV manufacturers can boost EVs without increasing product prices Conditions to introduce disruptive technologies to improve the user experience.

By contrast, developers of similar fixed energy storage systems (ESSs), such as solar photovoltaic panels, are expected to spend 51% more than their counterparts in electric car makers because of the relative small size of their production and demand.

It is noteworthy that there is an important condition for the establishment on the Judgments-the decline of lithium battery prices can have a simultaneous impact on the electric vehicles price ------ the solid state battery is not in advance of the lithium battery to be the industry's first choice. Recently,Fisker and Toyota are currently developing graphene-based super capacitors that could potentially shake up the usability of lithium batteries .