Study: Costs for electrical car batteries fell by 35 percent from 2014 to 2015

Study: Costs for electrical car batteries fell by 35 percent from 2014 to 2015-electrical

Most car manufacturers, experts and consumers agree that the cost factor of electric vehicles are the biggest obstacle to the paragraph and the way to the mass suitability of the E-vehicles. Dependent are the cost of such a vehicle to a great part of the lithium-ion battery prices. But even here something seems to move, according to a recent study, the costs decrease clearly and above all faster than first accepted.

The study titled Global Trends in Renewable Energy, indicates the price decline of lithium-ion batteries even as spectacular. The study was conducted and carried out with Frankfort School of Finance and Management, in collaboration with Bloomberg New Energy Finance and the United Nations Environmental Program. The study shows a constant decline in the cost of 2010 to 2015, peak values of -35% can be reached from 2014 to 2015.

The decline in costs will not only be reduced for a reason, but to a variety of reasons: cell-chemical changes, adapted manufacturing processes as well as more aggressive price strategies on the market to make the lithium-ion batteries more interesting, thereby reducing costs by increasing production volumes.

Especially the Tesla Gigafactory is the prime example of the future of highly volumed lithium-ion battery production. The study cites the gigafactory as a factor for the decline in the cost of electrical batteries, despite the fact that it is only at the beginning of production. But one seems to be sure that the plan of Tesla to produce 35 gigawatt hours of cells per year by 2018, contrary to reducing costs in general.

The study further points out that modern electric cars have reached measurable numbers on the market only about six years ago. In 2014, worldwide sales was around 290.000, and until the end of 2015, sales rose to around 462.000 vehicles. Growth continues, with the statements varying from different sources, where the journey is going on. But one thing is certain, with rising production figures, the battery costs are likely to fall.

  • OPEC predicts 1.7 million electric cars on global streets by 2020
  • Bloomberg New Energy Finance estimates 7.4 million to 2020 (of which 2 million in 2020 alone)
  • Bloomberg New Energy Finance estimates a share of 35% of EVS until 2040 in all light commercial vehicles

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