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Electric car batteries drop 89% in ten years, gasoline-powered car reports electric car Electric car batteries drop 89% in ten years

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London 4 days ago

According to a Bloomberg report, the price of some Chinese batteries has already fallen to 100 100 (Rs. 7300) / Kwph.

The biggest challenge with electric vehicles is the cost of the lithium-ion batteries used in them. But the challenge is far from over. Lithium-ion battery prices have fallen 89% over the past decade. According to experts, these batteries could become cheaper in the coming year. This will allow the automaker to build full size electric cars at the expense of gasoline powered cars. The price of a lithium-ion battery used for an electric vehicle over the past decade was around 11,100 (Rs. 81,000) / Kwph. Which fell to 7,137 (Rs. 10 thousand) / Kwph. It is expected to reach 100 (Rs. 7300) / Kwph in the near future.

Logan Goldie Scott, head of green energy company Clean Power, said the decline in battery prices over the past decade, along with expected policy measures in the United States and China, would have a number factors involved. This will show that the era of electric vehicles has begun. The price of some Chinese batteries has already fallen to 100,100 (Rs. 7300) / Kwph. At this price, the automaker will be able to make a profit and produce a large number of electric vehicles.

Volkswagen will be the first company to profit from EV
According to a report published by the Swiss Investment Bank, Volkswagen could become by 2022 the world’s first carmaker to make a profit from selling electric vehicles. Waiting to buy Tesla’s electric car. But it will also have to face German competition. In comparison, Tesla will also prefer electric Audi, BMW and Mercedes over electric cars.

Prices in China have already fallen
According to a Bloomberg report, the price of some Chinese batteries has already fallen to 100 100 (Rs. 7300) / Kwph. At this price, the automaker will be able to make a profit and produce a large number of electric vehicles. Goldie Scott said there will be more booms. Within four years, the automaker will be able to build and sell full-size electric vehicles at the same margin as the price of an internal combustion engine.

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