EVs Battery Price Is Keep Going Down

According to Bloomberg News, electric vehicle sales will start to accelerate by 2020 and overtake combustion engine vehicle sales by 2040. Since 2010, lithium-ion battery costs have decreased by 73%. Bloomberg projects that by 2030, lithium-ion batteries will cost only $73 compared to $1000 in 2010. By 2040, electricity consumption from EVs is projected to consume 5% of global power demand which is about 1,800 terawatt-hours.

Link: https://www.bloomberg.com/news/articles/2017-07-06/the-electric-car-revolution-is-accelerating

By Claire Tran