Gallery: Declining Lithium-Ion Battery Costs Could Knock Thousands Off ...

 

According to a recent McKinsey study, the price of automotive lithium-ion batteries is expected to drop by thousands of dollars by the end of the decade – a change which could substantially increase the number of full electric and hybrid cars on the road. The researchers behind the McKinsey study developed a “should-cost” model which suggests that the price of a lithium-ion battery pack could drop from today’s cost of about $500 to $600 per kilowatt hour to about $200 by 2020 and $160 by 2025.

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