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2 months ago
Goldman Sachs Research expects global average battery prices to fall to $111 per kilowatt-hour (kWh) by the end of 2024 and further in the years to come, paving the way for a consumer-led EV adoption phase.
What Happened: Global average battery prices declined from $153 per kWh in 2022 to $149 in 2023 and will fall to $111 by 2024-end, Goldman Sachs said in an article earlier this week.
The fall in prices, it said, will be spurred by technological advances that allow companies to increase energy density combined with a drop in battery metal prices such ...
