Study reveals plunge in lithium-ion battery costs

Now, MIT researchers have carried out an exhaustive analysis of the studies that have looked at the decline in the prices these batteries, which are the dominant rechargeable technology in today’s world. The new study looks back over three decades, including analyzing the original underlying datasets and documents whenever possible, to arrive at a clear picture of the technology’s trajectory…

“Battery costs determine price parity of electric vehicles with internal combustion engine vehicles,” says Venkat Viswanathan, an associate professor of mechanical engineering at Carnegie Mellon University, who was not associated with this work. “Thus, projecting battery cost declines is probably one of the most critical challenges in ensuring an accurate understanding of adoption of electric vehicles.”

Viswanathan adds that “the finding that cost declines may occur faster than previously thought will enable broader adoption, increasing volumes, and leading to further cost declines. … The datasets curated, analyzed and released with this paper will have a lasting impact on the community.”