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GasBuddy News Article

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Battery Prices for Electric Vehicles Fall 14%, BNEF Says

Bloomberg -- The average price of lithium-ion battery packs for electric vehicles fell 14 percent in the past year as production capacity exceeded demand, Bloomberg New Energy Finance said.

Batteries cost $689 a kilowatt-hour in the first quarter of 2012, compared with $800 a year earlier, the London-based research company said today in a statement.

Prices for batteries have dropped 30 percent since 2009, making electric vehicles less expensive.

“Batteries are one of the biggest drivers of the cost of electric vehicles,” New Energy Finance Chief Executive Officer Michael Liebreich said in the statement. “A sharp decline in price may be unwelcome for battery manufacturers, but it is essential for the long-term health of the sector.”


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Submitted Apr 17, 2012 By: Mudsprings
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Battery Prices for Electric Vehicles Fall 14%, BNEF Says Back to Topics
REPLIES (newest first) Post a Reply
sparky808
Champion Author Honolulu

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Message Posted: Apr 18, 2012 1:35:16 PM

Thank you for posting.
lcleveland
Champion Author San Antonio

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Message Posted: Apr 18, 2012 8:33:22 AM

ok
epf
Champion Author Grand Rapids

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Message Posted: Apr 18, 2012 6:19:04 AM

Wow, great news! Another example of American innovation!
N5EXY
Champion Author Austin

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Message Posted: Apr 18, 2012 6:10:47 AM

I still don't want one.
kgbellman
Champion Author Ann Arbor

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Message Posted: Apr 18, 2012 1:49:50 AM



At least some relief for some folks
us4usa
Champion Author Missouri

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Message Posted: Apr 18, 2012 12:12:30 AM

Must be EV day???
Dodge_Me
Champion Author Atlanta

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Message Posted: Apr 18, 2012 12:05:13 AM

Good but still not enough
yakstar
Champion Author Montreal

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Message Posted: Apr 18, 2012 12:03:36 AM

a lot of good news?
vtroger
Veteran Author Vermont

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Message Posted: Apr 18, 2012 12:00:29 AM

That's fantastic. Is the price going to be passed on to the buyers?
yakstar
Champion Author Montreal

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Message Posted: Apr 17, 2012 11:58:17 PM

a bit of good news?
DTrainCanada
Champion Author Saskatoon

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Message Posted: Apr 17, 2012 11:57:50 PM

Drop the price AND increase the range!
USCCRN
Sophomore Author Long Island

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Message Posted: Apr 17, 2012 11:56:23 PM

I wonder what the lifespan is for a lithium battery for one of those electric cars?
BigMoney65
Champion Author Wisconsin

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Message Posted: Apr 17, 2012 11:55:28 PM

who cares! how is this going green??? where is the energy coming from to recharge those over priced junk cars
g747
Champion Author Mobile

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Message Posted: Apr 17, 2012 11:54:00 PM

Now that's a real shocker!!!!!!!!!.I thought that the demand for electric hybrid vehicles would increase the demand for that particular commodity.
liao
Champion Author Montreal

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Message Posted: Apr 17, 2012 11:51:54 PM

Good news.
big_mac64
Champion Author Tennessee

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Message Posted: Apr 17, 2012 11:51:33 PM

ok
kgbellman
Champion Author Ann Arbor

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Message Posted: Apr 17, 2012 11:50:39 PM

At least some relief for some folks
purplebears
Champion Author Milwaukee

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Message Posted: Apr 17, 2012 11:47:12 PM

Moving forward, one step at a time.
gmcgas
Champion Author Atlanta

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Message Posted: Apr 17, 2012 11:46:37 PM

still too rich for me.
boatmen
Champion Author New York

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Message Posted: Apr 17, 2012 11:44:22 PM

Electric is sill expensive it just switching who you pay gas to damm high
silverfoxv65
Champion Author Michigan

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Message Posted: Apr 17, 2012 11:44:20 PM

Good things are looking up for EVs.
abcdMA
Champion Author Worcester

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Message Posted: Apr 17, 2012 11:41:22 PM

however, they are still very expensive
jrsva
Champion Author Virginia

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Message Posted: Apr 17, 2012 11:37:20 PM


Most electronic devices have followed Moore’s Law to a reasonable degree.
Is it possible that EVs could do the same? It seems unlikely.
tippybuddy
Champion Author Ontario

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Message Posted: Apr 17, 2012 11:35:19 PM

glad to see something going down in price
carloco75
Champion Author Richmond

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Message Posted: Apr 17, 2012 11:30:34 PM

Wow...I thought they would cost way more..
fuelsaverMN
Champion Author Twin Cities

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Message Posted: Apr 17, 2012 11:29:53 PM

The cost is still way too expensive.
300kmiles
Champion Author Orange County

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Message Posted: Apr 17, 2012 11:29:03 PM

...now the hybrid and electric vehicles must drop 14+%...
goldrose1
Champion Author Cleveland

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Message Posted: Apr 17, 2012 11:28:56 PM

Need battery manufacturers to stay in business or alternative energy falls.
96sc1
Champion Author El Paso

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Message Posted: Apr 17, 2012 11:26:24 PM

Yes, but neither electric cars nor batteries are anything new. To think that either will follow the prices trends of calculators is ludicrous.
OGW
Champion Author London

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Message Posted: Apr 17, 2012 11:26:06 PM

They may be cheaper but they are still far too expensive.
melvindale
Champion Author Michigan

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Message Posted: Apr 17, 2012 11:24:19 PM

The Ford Model T was $850 when introduced in 1914. It had dropped to $260 by 1927 for a similarly equipped vehicle, the last year Ford built the Model T.

The same thing will happen with batteries. In fact, with high tech devices (like batteries) the drop will be more substantial. In 1970 you could buy a handheld electronic calculator for $70 (it was also 4 by 7 inches and 1 inch thick). It was a very basic calculator - the scientific calculator was still almost a decade away. The same type of calculator today can be had for $1, its the size of a credit card, and you never have to replace batteries or plug it in. This has been true at least since 1990.

The potential is there for electric cars to be as cheap as any other car in just 10 or 15 years. Hopefully it will be that soon. However, with the state of affairs today, it may never happen. But the potential is there.

I choose to be hopeful.
SparkieMi
Champion Author Kalamazoo

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Message Posted: Apr 17, 2012 11:23:37 PM

The batteries will improve and will become cost effective with time....
bigrigAZ
Champion Author Phoenix

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Message Posted: Apr 17, 2012 11:22:02 PM

Prices have to still go down a long ways for this to work. Souding better - now drop the prices on the electric vehicles and that might help.
96sc1
Champion Author El Paso

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Message Posted: Apr 17, 2012 11:17:45 PM

Prices only fell because of insufficient demand
carpenter4u
Champion Author Virginia

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Message Posted: Apr 17, 2012 11:14:22 PM

Still a major expense. and where to put all the old batteries. Let's do nuclear cars
serrog
Champion Author Nova Scotia

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Message Posted: Apr 17, 2012 11:12:27 PM

Nice
tes283
All-Star Author Tampa

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Message Posted: Apr 17, 2012 11:12:05 PM

Better and better news
Yankee829
Champion Author Dallas

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Message Posted: Apr 17, 2012 11:08:02 PM

Ok
TekWare
Champion Author Toronto

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Message Posted: Apr 17, 2012 11:07:18 PM

If they keep raising the price of gas, electric cars are going to catch on very quickly.
nwsynthetics
Champion Author Oregon

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Message Posted: Apr 17, 2012 11:05:04 PM

I dont know....
Wierbe
Champion Author Cincinnati

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Message Posted: Apr 17, 2012 11:00:25 PM

How 'bout a really long extension cord?
JCClark2012
Champion Author New Hampshire

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Message Posted: Apr 17, 2012 10:56:57 PM

Keep bringing down the price so we can stop using gas.
DandyDapple
All-Star Author North Dakota

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Message Posted: Apr 17, 2012 10:55:59 PM

omg 2012
sch5v2
All-Star Author Colorado

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Message Posted: Apr 17, 2012 10:54:11 PM

Good,good!
regout
Champion Author Quebec

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Message Posted: Apr 17, 2012 10:50:49 PM

Good news.
Fedorov91
Champion Author Tampa

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Message Posted: Apr 17, 2012 10:50:28 PM

CNG
altima2008
Champion Author Philadelphia

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Message Posted: Apr 17, 2012 10:49:57 PM

Wait till nobama and his cronnies get their hands on this, price will go back up!
UC2
Champion Author Ventura

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Message Posted: Apr 17, 2012 10:47:34 PM

i can wait
adr47
Champion Author Saskatchewan

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Message Posted: Apr 17, 2012 10:45:29 PM

Starting to fall into place?
hcivic
Champion Author Virginia

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Message Posted: Apr 17, 2012 10:41:55 PM

thats great news
WBBNC
Veteran Author North Carolina

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Message Posted: Apr 17, 2012 10:38:01 PM

Good news!
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