Reuters is reporting on a new study that suggests the cost of lithium-ion batteries used in electric vehicles could plummet dramatically by 2025. Consulting firm McKinsey & Co. conducted the study, which indicated increasing oil prices and tougher fuel economy standards could force automakers to build more electric cars, thereby increasing the scale of lithium-ion battery manufacturing by significant margins. In addition, the research predicts consumer electronics companies like Apple may lend some technology advancements to reduce costs associated with producing the battery packs themselves.
Autoblog , Study says EV battery pricing could plunge by 70% by 2025, Study says EV battery pricing could plunge by 70% by 2025
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