Electric Vehicle Batteries See Price Drop Sooner Than Expected.

Written by Paulo Nogueira

Published on 15/11/2023 at 11:44

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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.

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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.

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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.

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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Electric Vehicle Batteries See Price Drop Sooner Than Expected.

The Cost Of Batteries For Electric Cars Is Decreasing At An Accelerated Rate Due To The Reduction In The Price Of Certain Raw Materials.

Goldman Sachs Reveals Reduction Of Prices Of Batteries For Electric Cars

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Electric Vehicle Batteries See Price Drop Sooner Than Expected.

The Cost Of Batteries For Electric Cars Is Decreasing At An Accelerated Rate Due To The Reduction In The Price Of Certain Raw Materials.

Goldman Sachs Reveals Reduction Of Prices Of Batteries For Electric Cars

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

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