Future battery cost: Crucial for the success of the mobility and energy transition

For years, there has been a clear downward trend in battery costs. This development is important since batteries, as key components of electric vehicles and stationary energy storage systems, account for the majority of their cost. Today, these products are not yet fully competitive and further battery cost reductions are needed to achieve an economically viable transition to a carbon neutral society. In order to set the right strategic course, accurate battery cost projections are necessary for policy makers and industry. Numerous cost projections for battery systems exist in the academic literature, ranging from below $100 to above $400 per kilowatt-hour for the year 2030. This uncertainty poses a major challenge for the development of efficient incentive schemes for electromobility and for the design of profitable future product portfolios of vehicle manufacturers.

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