Proof Point
Average cost of electric vehicle’s battery pack projected to fall from $1,000 per kwh in 2010 to $100 by 2030
Average Battery Pack Price
2010 – 2030F (US$/kilowatt-hour (kwh))
Proof Point Findings
- Continuous Cost Reduction – Declined 22% annually, from$1,000/kwh in 2010 to $227/kwh in 2016
- Future Battery Price – McKinsey forecasts price to fall below $200/kwh by 2020 and below $100/kwh by 2030
- Key Drivers – Include advancing research and development in electric vehicle technologies, improving battery efficiency, better electric vehicle range, boosts in energy density, economies of scale in manufacturing, and expansion of production capacity
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Accelerator |
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Sector |
Transportation and Logistics
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Source |
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Date Last Updated |
January 11, 2018
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