- The price of lithium-ion batteries has declined by 97% since they were first introduced in 199112. The cost reduction is on par with that of solar panels tech1. Several forecasters project the average cost of a kilowatt-hour of lithium-ion battery capacity to fall below $100 by the mid-2020s3. This is due to a virtuous circle where better, cheaper batteries expand the market, which in turn drives investments that produce further improvements in cost and performance3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Earlier this year, researchers at MIT examined market data and found that the price for Li-ion batteries has declined by a staggering 97% since they were first introduced in 1991, right on par with cost reductions in solar panels tech.www.zmescience.com/science/news-science/li-ion …Like solar panels and wind turbines, the price of lithium-ion batteries has plummeted over this century, with a study from March estimating that cost has dropped by 97% worldwide since their introduction in 1991. Now, the same team of researchers have sought to explain why the price has fallen so much.cosmosmagazine.com/technology/energy/lithium-io…Several forecasters project the average cost of a kilowatt-hour of lithium-ion battery capacity to fall below $100 by the mid-2020s. That's the result of a virtuous circle where better, cheaper batteries expand the market, which in turn drives investments that produce further improvements in cost and performance.arstechnica.com/tech-policy/2020/09/the-story-of-c…
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