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Electric Vehicle Batteries See Price Drop Sooner Than Expected.

Written by Paulo Nogueira
Published on 15/11/2023 at 11:44
Banco estadunidense, Goldman Sachs, baterias, carros elétricos, matérias primas, lítio, níquel, cobalto, importação, Volvo XC40, Volvo C40, SUVs elétricos, kWh, subsídios, veículos elétricos, demanda, tecnologia, mercado global
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The Cost Of Batteries For Electric Cars Is Decreasing At An Accelerated Rate Due To The Reduction In The Price Of Certain Raw Materials.

The bank Goldman Sachs, from the United States, released an important piece of information about the batteries used in electric cars. According to the institution, the prices of raw materials such as lithium, nickel, and cobalt are falling, positively impacting the production costs of batteries and making these vehicles more accessible.

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In 2022, the average cost of 1 kWh was US$ 155 (R$ 752 at the current exchange rate) for manufacturers in production. However, this year, that value dropped to US$ 99 (R$ 480), representing a 40% reduction. The initial expectation of a 33% decrease was significantly surpassed.

With this cost reduction, future projections for the sector change considerably. If prices continue to fall at the same rate, it is estimated that by 2030 the price of 1 kWh will be US$ 70 (R$ 340), coming very close to the production costs of a combustion vehicle.

In light of this scenario, Goldman Sachs suggests that the subsidies applied by governments and companies on the prices of electric cars may be gradually reduced, due to greater price competitiveness and a better balance with gasoline or diesel-powered models.

Nikhil Bhandari, director of the green energy research unit of Goldman Sachs for Asia and the Pacific, states that the reduction in battery costs could stimulate broader adoption of electric vehicles, leading to greater growth in markets focused on batteries and electric cars.

The research conducted by Goldman Sachs also indicates that the demand for electric cars is decreasing in some countries due to expectations of the removal of benefits in their acquisition. However, with the drop in battery prices and the arrival of solid models, costs are expected to decrease dramatically, increasing the demand for 100% electric models.

The bank estimates that by 2030, electric cars could account for between 35% and 47% of global sales, depending on the level of acceptance of this technology.

Source: Goldman Sachs

Goldman Sachs Reveals Reduction Of Prices Of Batteries For Electric Cars

The bank Goldman Sachs, from the United States, released an important piece of information about the batteries used in electric cars. According to the institution, the prices of raw materials such as lithium, nickel, and cobalt are falling, which is positively impacting the production costs of batteries and making these vehicles more accessible.

In 2022, the average cost of 1 kWh was US$ 155 (R$ 752 at the current exchange rate) for manufacturers in production. However, this year, that value dropped to US$ 99 (R$ 480), representing a 40% reduction. The initial expectation of a 33% decrease was significantly surpassed.

With this cost reduction, future projections for the sector change considerably. If prices continue to fall at the same rate, it is estimated that by 2030 the price of 1 kWh will be US$ 70 (R$ 340), coming very close to the production costs of a combustion vehicle.

In light of this scenario, Goldman Sachs suggests that the subsidies applied by governments and companies on the prices of electric cars may be gradually reduced, due to greater price competitiveness and a better balance compared to gasoline or diesel-powered models.

Nikhil Bhandari, director of the green energy research unit of Goldman Sachs for Asia and the Pacific, states that the reduction in battery costs could stimulate broader adoption of electric vehicles, leading to greater growth in markets focused on batteries and electric cars.

The research conducted by Goldman Sachs also indicates that the demand for electric cars is decreasing in some countries due to expectations of the removal of benefits in their acquisition. However, with the drop in battery prices and the arrival of solid models, costs are expected to decrease dramatically, increasing the demand for 100% electric models.

The bank estimates that by 2030, electric cars could account for between 35% and 47% of global sales, depending on the level of acceptance of this technology.

Source: Goldman Sachs

Source: Canal Tech

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Paulo Nogueira

Eletrotécnica formado em umas das instituições de ensino técnico do país, o Instituto Federal Fluminense - IFF ( Antigo CEFET), atuei diversos anos na áreas de petróleo e gás offshore, energia e construção. Hoje com mais de 8 mil publicações em revistas e blogs online sobre o setor de energia, o foco é prover informações em tempo real do mercado de empregabilidade do Brasil, macro e micro economia e empreendedorismo. Para dúvidas, sugestões e correções, entre em contato no e-mail informe@en.clickpetroleoegas.com.br. Vale lembrar que não aceitamos currículos neste contato.

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