BNEF’s 2019 Battery Price Survey, published today at the BNEF Summit in Shanghai, predicts that as cumulative demand passes 2TWh in 2024, prices will fall below $100/kWh. This price is seen as the point around which EVs will start to reach price parity with internal combustion engine vehicles. However, this varies depending on the region of sale and vehicle segment. The report further examines in detail how manufacturers and automakers alike can continue to reduce prices.
Mike Colias, Wall Street Journal :
General Motors Co. and South Korea’s LG Chem plan to build a large battery factory in Ohio, the latest example of an auto maker plowing money into the development of electric cars.
The new plant would be among the world’s biggest producing battery cells for electric cars, rivaling Tesla Inc.‘s Gigafactory in the Nevada desert. GM and the LG Corp. subsidiary said Thursday they would invest a combined $2.3 billion in their joint venture.