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Published in:

01-04-2024 | Cover Story

Electric Drives

Rightsizing

Author: Thomas Schneider

Published in: MTZ worldwide | Issue 4/2024

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Excerpt

As things currently stand, battery electric cars are too expensive to make any significant inroads into the mass market. For the last few years, the hope has been that the most expensive component, the traction battery, would drop in price and economies of scale would resolve the problem. And the price of lithium-ion batteries has indeed fallen dramatically. According to a study from BloombergNEF, in 2013 the battery cells plus the pack cost was at 780 US-dollars per kilowatt hour. By 2018, the figure was only 211 US-dollars and, at the end of 2023, 139 US-dollars. Although the rate of reduction has slowed over recent years, the economies of scale have happened, but they have had no impact. …

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Metadata
Title
Electric Drives
Rightsizing
Author
Thomas Schneider
Publication date
01-04-2024
Publisher
Springer Fachmedien Wiesbaden
Published in
MTZ worldwide / Issue 4/2024
Electronic ISSN: 2192-9114
DOI
https://doi.org/10.1007/s38313-024-1916-2