Lithium-Ion battery pack prices drop to $137/kWh (-13% YoY and -89% vs 2010)

sri_tesla · 16th December 2020, 17:39

BloombergNEF posted their annual Lithium-Ion battery pack price survey results today.

Highlights:

Average battery pack price per kWh is $137 down by 13% YoY. In 2019 it was $157.

Battery prices declined by a whopping 89% compared to 2010. In 2010 the price per kWh was $1,191.

The prices include cells, module housing, battery management system (BMS), wiring, pack housing, and thermal management system.

Prices are the average prices of different segments which include EV cars, buses, and electricity storage.

BloombergNEF forecasts the average price to reach $100 by 2023. It is at around this price point that automakers should be able to produce and sell mass-market EVs at the same price (and with the same margin) as comparable internal combustion vehicles in some markets. This assumes no subsidies are available.

Prices for the last decade:

Lithium-Ion battery pack prices drop to 7/kWh (-13% YoY and -89% vs 2010)-bnef_full.jpg

The breakdown for cells and pack costs:

Lithium-Ion battery pack prices drop to 7/kWh (-13% YoY and -89% vs 2010)-bnef_cellpack.jpg

For the first time, battery pack prices of less than $100/kWh have been reported. These are for EV buses in China. Also, average price for EV buses in China is $105/kWh.

Source with more details:

https://about.bnef.com/blog/battery-...ts-at-137-kwh/

DarthVeda · 16th December 2020, 18:55

Some years down the lane, I hope I can swap out the 28kwh battery pack in my nexon with 60kwh battery pack and keep going without going for a new car.

srishiva · 16th December 2020, 19:00

Why are scooters then that costly for a couple of Kwh batteries ? I think 2 wheelers need to really compete with ICE ones as far as price goes. Especially in our market where we buy and manufacture so many.

SKC-auto · 16th December 2020, 22:54

Quote:

Originally Posted by srishiva

Why are scooters then that costly for a couple of Kwh batteries ? I think 2 wheelers need to really compete with ICE ones as far as price goes. Especially in our market where we buy and manufacture so many.

I guess they are trying to cover their R&D costs as well. Most scooters use LFP chemistry, according to the report LFP is at $80/ kWh, also scooters do not use liquid cooling. The battery in a scooter with 3kwh costs just 3kwh*100$*72₹=~22K, the price they are selling is upwards of 1.1 lakhs.

Even if we consider Nexon the price difference between an ICE and EV is 4 lakhs.

If we suppose the drivetrain costs in a Nexon petrol is 3 lakhs, and add the drivetrain of an EV where the battery cost is 30kwh*140$*72₹= 3lakhs and electric motor and other stuff at 2 lakhs. My unscientific calculation shows Tata is saving extra 2lakhs may be that covers their R&D costs. Nothing wrong, but some manufacturers seem to be making a higher margin.

16th December 2020, 17:39	#1
sri_tesla BHPian Join Date: Apr 2016 Location: Hyderabad Posts: 924 Thanked: 4,926 Times	Lithium-Ion battery pack prices drop to $137/kWh (-13% YoY and -89% vs 2010) BloombergNEF posted their annual Lithium-Ion battery pack price survey results today. Highlights: Average battery pack price per kWh is $137 down by 13% YoY. In 2019 it was $157. Battery prices declined by a whopping 89% compared to 2010. In 2010 the price per kWh was $1,191. The prices include cells, module housing, battery management system (BMS), wiring, pack housing, and thermal management system. Prices are the average prices of different segments which include EV cars, buses, and electricity storage. BloombergNEF forecasts the average price to reach $100 by 2023. It is at around this price point that automakers should be able to produce and sell mass-market EVs at the same price (and with the same margin) as comparable internal combustion vehicles in some markets. This assumes no subsidies are available. Prices for the last decade: The breakdown for cells and pack costs: For the first time, battery pack prices of less than $100/kWh have been reported. These are for EV buses in China. Also, average price for EV buses in China is $105/kWh. Source with more details: https://about.bnef.com/blog/battery-...ts-at-137-kwh/ Last edited by sri_tesla : 16th December 2020 at 17:41. Reason: Edited the title with percentage decline vs 2010
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16th December 2020, 18:55	#2
DarthVeda BANNED Join Date: Sep 2019 Location: Bengaluru Posts: 586 Thanked: 2,408 Times	re: Lithium-Ion battery pack prices drop to $137/kWh (-13% YoY and -89% vs 2010) Some years down the lane, I hope I can swap out the 28kwh battery pack in my nexon with 60kwh battery pack and keep going without going for a new car.
	(3) Thanks

16th December 2020, 19:00	#3
srishiva Senior - BHPian Join Date: Nov 2006 Location: Bengaluru Posts: 4,375 Thanked: 2,256 Times	re: Lithium-Ion battery pack prices drop to $137/kWh (-13% YoY and -89% vs 2010) Why are scooters then that costly for a couple of Kwh batteries ? I think 2 wheelers need to really compete with ICE ones as far as price goes. Especially in our market where we buy and manufacture so many.
	(2) Thanks