Price of Electric Vehicle Batteries drops more quickly than IEA expected

Price parity for total cost of ownership (TCO) of electric cars as compared to conventional internal combustion engine (ICE) driven cars gets nearer than expected. ThinkProgress reported: “In a major 2013 analysis, the ‘Global EV Outlook: Understanding the Electric Vehicle Landscape to 2020’, the International Energy Agency estimated that electric vehicles would achieve cost parity with internal combustion engine vehicles when battery costs hit $300 per kWh of storage capacity. The analysis projected that this would happen by 2020.” (http://bit.ly/sgu003)  However, a recent study by Björn Nykvist (SEI – Stockholm Environment Institute) and Måns Nilsson (SEI and Stockholm’s KTH – Royal Institute of Technology) see this price level to already be reached in 2015 (http://bit.ly/sgu005).

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