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Mobile WebSiteAccording to reports: If the cost of lithium-ion batteries continues to decline, by 2025 the price of electric cars may be lower than that of fuel-powered cars.
The report shows that the selling price of some electric car models will be the same as that of conventional internal combustion engines as early as 2024, and will continue to decline in 2025. But to make this happen, the battery composition needs to be further reduced, even if the demand for the metal for the battery cell grows.
As countries and companies compete to cope with urban smog and achieve the ambitious climate goals set by the Paris agreement, the demand for the promotion of electric vehicles is increasing. In September last year, members of the British Parliament called for the start of a survey of the electric vehicle market to explore the necessary infrastructure, and to try to determine whether to stop the deadline for the sale of petrol and diesel cars in 2040.
According to the Green Alliance report, by adopting a series of incentive measures, the UK is expected to reduce its auto trade deficit by 5 billion pounds (about 7 billion U.S. dollars). The World Wildlife Fund says that the elimination of diesel and gasoline cars as soon as possible will increase 14,000 jobs for the automotive industry. According to another report this week, both organizations urged the United Kingdom to advance the ban on the sale of fuel vehicles to 2030.
According to the report, as one of the world's most polluted countries, the Chinese government is implementing production targets aimed at increasing the sales of electric vehicles and is seeking to lead the world in electric vehicle adoption.
Driven by technology and market demand, electric car battery prices are expected to drop by 67% by 2030.
Bloomberg New Energy Finance said that the large-scale production of lithium-ion batteries will help push battery prices down to $70 per kilowatt-hour by 2030. The average price of battery packs in 2017 was US$208 per kWh, which reduced the profitability of electric vehicles and accounted for about two-fifths of the total cost of electric vehicles.
Colin McKerrach, a transportation analyst at the agency, said: “The sales of electric vehicles will continue to grow in the next few years, but to achieve real popularity in the mass market, battery prices need to further decline. If the battery Material costs continue to soar, and it may delay the arrival of electric vehicle prices and fuel vehicles.
