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IPFS News Link • Transportation

Batteries Will Reach $100/kWh In 2024, According To Wood Mackenzie

• https://insideevs.com by Gustavo Henrique Ruffo

EV advocates long for the day in which people will be able to decide which car to buy not based on price, but on what each vehicle has to offer. Many predictions have been made to date, but the most optimistic just came from Wood Mackenzie. According to the consulting company, battery prices will get below $100/kWh in 2024.

That is one year earlier than the most hopeful prediction before it. The reasons for that would be the "economies of scale and technological improvements." Mass scale seems to be the most crucial factor.

Apart from Tesla, which has produced its millionth car in March 2020, Volkswagen will start to deliver the ID.3 to customers in September. It will be cheaper than a Golf with a similar level of equipment, which speaks a bunch about how many EVs the German company intends to sell.


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