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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

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sparky808 Champion Author Honolulu Posts:3,144 Points:625,660 Joined:Sep 2011	Message Posted: Apr 18, 2012 12:35:16 PM Ignore sparky808 Report Abuse Thank you for posting.
lcleveland Champion Author San Antonio Posts:2,756 Points:676,005 Joined:May 2011	Message Posted: Apr 18, 2012 7:33:22 AM Ignore lcleveland Report Abuse ok
epf Champion Author Grand Rapids Posts:6,474 Points:1,919,035 Joined:May 2004	Message Posted: Apr 18, 2012 5:19:04 AM Ignore epf Report Abuse Wow, great news! Another example of American innovation!
N5EXY Champion Author Austin Posts:5,633 Points:1,537,310 Joined:Jul 2004	Message Posted: Apr 18, 2012 5:10:47 AM Ignore N5EXY Report Abuse I still don't want one.
kgbellman Champion Author Ann Arbor Posts:2,854 Points:759,540 Joined:Mar 2011	Message Posted: Apr 18, 2012 12:49:50 AM Ignore kgbellman Report Abuse At least some relief for some folks
us4usa Champion Author Missouri Posts:6,120 Points:1,137,585 Joined:May 2008	Message Posted: Apr 17, 2012 11:12:30 PM Ignore us4usa Report Abuse Must be EV day???
Dodge_Me Champion Author Atlanta Posts:2,214 Points:576,480 Joined:Mar 2006	Message Posted: Apr 17, 2012 11:05:13 PM Ignore Dodge_Me Report Abuse Good but still not enough
yakstar Champion Author Montreal Posts:2,555 Points:507,225 Joined:Jan 2012	Message Posted: Apr 17, 2012 11:03:36 PM Ignore yakstar Report Abuse a lot of good news?
vtroger Veteran Author Vermont Posts:284 Points:582,220 Joined:Mar 2011	Message Posted: Apr 17, 2012 11:00:29 PM Ignore vtroger Report Abuse That's fantastic. Is the price going to be passed on to the buyers?
yakstar Champion Author Montreal Posts:2,555 Points:507,225 Joined:Jan 2012	Message Posted: Apr 17, 2012 10:58:17 PM Ignore yakstar Report Abuse a bit of good news?
DTrainCanada Champion Author Saskatoon Posts:1,848 Points:1,445,600 Joined:Aug 2005	Message Posted: Apr 17, 2012 10:57:50 PM Ignore DTrainCanada Report Abuse Drop the price AND increase the range!
USCCRN Sophomore Author Long Island Posts:145 Points:104,240 Joined:Mar 2012	Message Posted: Apr 17, 2012 10:56:23 PM Ignore USCCRN Report Abuse I wonder what the lifespan is for a lithium battery for one of those electric cars?
BigMoney65 All-Star Author Wisconsin Posts:800 Points:617,395 Joined:Nov 2006	Message Posted: Apr 17, 2012 10:55:28 PM Ignore BigMoney65 Report Abuse who cares! how is this going green??? where is the energy coming from to recharge those over priced junk cars
g747 Champion Author Mobile Posts:4,682 Points:961,370 Joined:Jul 2009	Message Posted: Apr 17, 2012 10:54:00 PM Ignore g747 Report Abuse 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 Posts:3,579 Points:1,453,985 Joined:Sep 2008	Message Posted: Apr 17, 2012 10:51:54 PM Ignore liao Report Abuse Good news.
big_mac64 Champion Author Tennessee Posts:10,600 Points:1,490,130 Joined:May 2005	Message Posted: Apr 17, 2012 10:51:33 PM Ignore big_mac64 Report Abuse ok
kgbellman Champion Author Ann Arbor Posts:2,854 Points:759,540 Joined:Mar 2011	Message Posted: Apr 17, 2012 10:50:39 PM Ignore kgbellman Report Abuse At least some relief for some folks
purplebears Champion Author Milwaukee Posts:9,153 Points:1,182,745 Joined:May 2009	Message Posted: Apr 17, 2012 10:47:12 PM Ignore purplebears Report Abuse Moving forward, one step at a time.
gmcgas Champion Author Atlanta Posts:6,094 Points:1,741,870 Joined:Mar 2004	Message Posted: Apr 17, 2012 10:46:37 PM Ignore gmcgas Report Abuse still too rich for me.
boatmen Champion Author New York Posts:3,201 Points:649,380 Joined:Jan 2011	Message Posted: Apr 17, 2012 10:44:22 PM Ignore boatmen Report Abuse Electric is sill expensive it just switching who you pay gas to damm high
silverfoxv65 Champion Author Michigan Posts:4,623 Points:1,257,300 Joined:Sep 2009	Message Posted: Apr 17, 2012 10:44:20 PM Ignore silverfoxv65 Report Abuse Good things are looking up for EVs.
abcdMA Champion Author Worcester Posts:8,052 Points:1,600,730 Joined:Nov 2008	Message Posted: Apr 17, 2012 10:41:22 PM Ignore abcdMA Report Abuse however, they are still very expensive
jrsva Champion Author Virginia Posts:9,999 Points:1,639,950 Joined:Jan 2006	Message Posted: Apr 17, 2012 10:37:20 PM Ignore jrsva Report Abuse 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 Posts:1,523 Points:207,740 Joined:Feb 2011	Message Posted: Apr 17, 2012 10:35:19 PM Ignore tippybuddy Report Abuse glad to see something going down in price
carloco75 Champion Author Richmond Posts:3,848 Points:627,720 Joined:Oct 2010	Message Posted: Apr 17, 2012 10:30:34 PM Ignore carloco75 Report Abuse Wow...I thought they would cost way more..
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: Apr 17, 2012 10:29:53 PM Ignore fuelsaverMN Report Abuse The cost is still way too expensive.
300kmiles All-Star Author Orange County Posts:534 Points:422,870 Joined:Dec 2009	Message Posted: Apr 17, 2012 10:29:03 PM Ignore 300kmiles Report Abuse ...now the hybrid and electric vehicles must drop 14+%...
goldrose1 Champion Author Cleveland Posts:11,071 Points:1,949,605 Joined:Feb 2005	Message Posted: Apr 17, 2012 10:28:56 PM Ignore goldrose1 Report Abuse Need battery manufacturers to stay in business or alternative energy falls.
96sc1 Champion Author El Paso Posts:8,517 Points:1,367,440 Joined:Mar 2008	Message Posted: Apr 17, 2012 10:26:24 PM Ignore 96sc1 Report Abuse 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 Posts:5,446 Points:1,558,085 Joined:Sep 2005	Message Posted: Apr 17, 2012 10:26:06 PM Ignore OGW Report Abuse They may be cheaper but they are still far too expensive.
melvindale Champion Author Michigan Posts:1,438 Points:351,230 Joined:Jun 2011	Message Posted: Apr 17, 2012 10:24:19 PM Ignore melvindale Report Abuse 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 Posts:3,400 Points:615,595 Joined:Sep 2011	Message Posted: Apr 17, 2012 10:23:37 PM Ignore SparkieMi Report Abuse The batteries will improve and will become cost effective with time....
bigrigAZ Champion Author Phoenix Posts:1,818 Points:1,069,860 Joined:Jul 2008	Message Posted: Apr 17, 2012 10:22:02 PM Ignore bigrigAZ Report Abuse 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 Posts:8,517 Points:1,367,440 Joined:Mar 2008	Message Posted: Apr 17, 2012 10:17:45 PM Ignore 96sc1 Report Abuse Prices only fell because of insufficient demand
carpenter4u Champion Author Virginia Posts:2,476 Points:638,020 Joined:Jul 2011	Message Posted: Apr 17, 2012 10:14:22 PM Ignore carpenter4u Report Abuse Still a major expense. and where to put all the old batteries. Let's do nuclear cars
serrog Champion Author Nova Scotia Posts:5,705 Points:1,539,830 Joined:Oct 2008	Message Posted: Apr 17, 2012 10:12:27 PM Ignore serrog Report Abuse Nice
tes283 All-Star Author Tampa Posts:865 Points:368,850 Joined:Dec 2011	Message Posted: Apr 17, 2012 10:12:05 PM Ignore tes283 Report Abuse Better and better news
Yankee829 Champion Author Dallas Posts:2,344 Points:587,065 Joined:Sep 2010	Message Posted: Apr 17, 2012 10:08:02 PM Ignore Yankee829 Report Abuse Ok
TekWare Champion Author Toronto Posts:3,302 Points:700,760 Joined:May 2011	Message Posted: Apr 17, 2012 10:07:18 PM Ignore TekWare Report Abuse If they keep raising the price of gas, electric cars are going to catch on very quickly.
nwsynthetics Champion Author Oregon Posts:1,019 Points:354,400 Joined:Dec 2011	Message Posted: Apr 17, 2012 10:05:04 PM Ignore nwsynthetics Report Abuse I dont know....
Wierbe Champion Author Cincinnati Posts:3,892 Points:1,146,815 Joined:Apr 2006	Message Posted: Apr 17, 2012 10:00:25 PM Ignore Wierbe Report Abuse How 'bout a really long extension cord?
JCClark2012 Champion Author New Hampshire Posts:1,547 Points:423,695 Joined:Mar 2012	Message Posted: Apr 17, 2012 9:56:57 PM Ignore JCClark2012 Report Abuse Keep bringing down the price so we can stop using gas.
DandyDapple All-Star Author North Dakota Posts:715 Points:330,770 Joined:Sep 2008	Message Posted: Apr 17, 2012 9:55:59 PM Ignore DandyDapple Report Abuse omg 2012
sch5v2 Veteran Author Colorado Posts:339 Points:946,155 Joined:Apr 2008	Message Posted: Apr 17, 2012 9:54:11 PM Ignore sch5v2 Report Abuse Good,good!
regout Champion Author Quebec Posts:3,095 Points:860,405 Joined:May 2010	Message Posted: Apr 17, 2012 9:50:49 PM Ignore regout Report Abuse Good news.
Fedorov91 Champion Author Tampa Posts:1,475 Points:904,185 Joined:Oct 2008	Message Posted: Apr 17, 2012 9:50:28 PM Ignore Fedorov91 Report Abuse CNG
altima2008 Champion Author Philadelphia Posts:8,300 Points:1,764,715 Joined:Apr 2008	Message Posted: Apr 17, 2012 9:49:57 PM Ignore altima2008 Report Abuse Wait till nobama and his cronnies get their hands on this, price will go back up!
UC2 Champion Author Ventura Posts:1,305 Points:318,255 Joined:May 2010	Message Posted: Apr 17, 2012 9:47:34 PM Ignore UC2 Report Abuse i can wait
adr47 Champion Author Saskatchewan Posts:5,667 Points:1,178,750 Joined:Nov 2008	Message Posted: Apr 17, 2012 9:45:29 PM Ignore adr47 Report Abuse Starting to fall into place?
hcivic Champion Author Virginia Posts:3,989 Points:2,292,440 Joined:Aug 2005	Message Posted: Apr 17, 2012 9:41:55 PM Ignore hcivic Report Abuse thats great news