Will the cost of electric vehicle lithium battery packs fall in 2020?

The performance and quality of electric vehicles and power lithium-ion batteries have rapidly improved; at the same time, the improvement of the industrial chain and the expansion of the industrial scale have promoted the reduction of the cost and selling price of lithium battery products, and correspondingly reduced the cost of new energy vehicles. By 2025, the price of power lithium-ion batteries is expected to drop to 100 US dollars per kilowatt hour (about 662 yuan). This means that the price of power lithium-ion batteries will be reduced by more than half on the current basis. For the electric vehicle industry, this is undoubtedly an excellent piece of good news. Because even now, electric car manufacturers and car owners still find that the terminal price of such products is generally higher than that of traditional power models. In fact, the cost of moving parts of the electric vehicle itself is much lower than that of traditional power models, but the cost of large components such as battery packs is quite high. As one of the core technologies of electric vehicles (battery, motor, electronic control), the price of batteries is believed to have a direct impact on the final selling price of electric vehicles. After 2020, the subsidy will be completely withdrawn and the double-point policy will take over. By then, automakers will have to further increase their investment in new energy vehicles, especially electric vehicles, and more high-quality electric vehicles will enter the market. More importantly, by then, the price of lithium-ion batteries, a key component of electric vehicles, is already low enough. Even without subsidies, prices are still sufficiently competitive. It is worth noting that the decline in the price of lithium batteries can have an important establishment condition for the simultaneous impact of the price of electric vehicles, that is, solid-state batteries have not become the industry's first choice before lithium batteries. As on-board battery packs become cheaper and more efficient, and can meet the needs of customers to save fuel consumption, the public's attention to the new generation of hybrid and plug-in hybrid vehicles is bound to increase. If the cost of battery materials continues to rise sharply, it may delay the arrival of the turning point where the price of electric vehicles is comparable to that of fuel vehicles. Disclaimer: Some pictures and content of articles published on this site are from the Internet. If there is any infringement, please contact to delete. Previous: What are the precautions for carrying lithium batteries on airplanes?