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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
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jerej829
Champion Author Memphis

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Message Posted: Apr 17, 2012 7:44:35 PM

ok, not for me
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pliskin
Champion Author Syracuse

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Message Posted: Apr 17, 2012 7:43:31 PM

And the point is? I'm still not inclined to buy an electro scrap heap!
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firasatali
Champion Author Toronto

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Message Posted: Apr 17, 2012 7:43:20 PM

good
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itsjustme719
Champion Author Hamilton

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Message Posted: Apr 17, 2012 7:41:03 PM

Still out of my price range.
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camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: Apr 17, 2012 7:37:21 PM

wow
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heidi727
Rookie Author South Carolina

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Message Posted: Apr 17, 2012 7:37:10 PM

still expensive
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Graysharky
Rookie Author Toronto

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Message Posted: Apr 17, 2012 7:32:45 PM

The Manufacturers will make good profits when more vehicles needing Lithium-Ion and other EV battery packs are sold in large numbers.
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hank1326
Champion Author Los Angeles

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Message Posted: Apr 17, 2012 7:31:33 PM

Ditto to sonic_cd33. Still too costly.
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mfeldstein
Champion Author Ottawa

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Message Posted: Apr 17, 2012 7:26:08 PM

All new technologies drop in price over time.
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sonic_cd33
Champion Author Illinois

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Message Posted: Apr 17, 2012 7:25:32 PM

still too much...
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bowser12304
Champion Author Pennsylvania

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Message Posted: Apr 17, 2012 7:24:25 PM

still tooooooooooooooo expensive
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shea33
Champion Author Pensacola

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Message Posted: Apr 17, 2012 7:23:46 PM

yep
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oldiesman
Champion Author New York

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Message Posted: Apr 17, 2012 7:21:57 PM

Never buy one?
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no8c
Champion Author Ohio

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Message Posted: Apr 17, 2012 7:19:47 PM

Thanks for posting this article!
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PerSonneL
Champion Author Alberta

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Message Posted: Apr 17, 2012 7:14:28 PM

as if it was cheap?
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Mermaan
Champion Author Boston

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Message Posted: Apr 17, 2012 7:14:04 PM

Good news to help sell EV's, Plug in's, and Hybrids to the masses.
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rxman1
Champion Author Toledo

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Message Posted: Apr 17, 2012 7:13:40 PM

A step in the right direction but not lasting I'll bet.
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CQQKIE
All-Star Author Illinois

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Message Posted: Apr 17, 2012 7:12:12 PM

To much money.
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northerntruckgu
Veteran Author Ontario

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Message Posted: Apr 17, 2012 7:11:04 PM

C02 from cars or from hydo plants same diff What a joke
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toadNY
Champion Author Albany

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Message Posted: Apr 17, 2012 7:10:41 PM

When they recharge them selfs as you drive than may be!
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RickF350
Champion Author Washington

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Message Posted: Apr 17, 2012 7:09:40 PM

Still too expensive.
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sammy518
Champion Author Austin

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Message Posted: Apr 17, 2012 7:04:48 PM

ok
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Nancy&Len
Champion Author Cleveland

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Message Posted: Apr 17, 2012 7:04:14 PM

Could it be because the market is soft.
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pbug101
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Message Posted: Apr 17, 2012 7:04:14 PM

good
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Romey08
Champion Author Virginia

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Message Posted: Apr 17, 2012 7:03:23 PM

Drop in prices is always a good thing
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Dennis783
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Message Posted: Apr 17, 2012 7:00:58 PM

That's what needs to happen!
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cssco
Champion Author Virginia

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Message Posted: Apr 17, 2012 6:58:46 PM

No hope here.
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captngasTN
Champion Author Tennessee

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Message Posted: Apr 17, 2012 6:56:44 PM

if production capacity exceeded demand then why the surge in EV sales in a previous article?
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dieselme2011
Champion Author British Columbia

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Message Posted: Apr 17, 2012 6:55:48 PM

Still to expensive for my budget
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cleangasprices
Veteran Author Vancouver

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Message Posted: Apr 17, 2012 6:54:19 PM

I would consider when prices come down by 33%
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southrob
Champion Author Tucson

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Message Posted: Apr 17, 2012 6:52:45 PM

exspensive
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TedNC
Champion Author North Carolina

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Message Posted: Apr 17, 2012 6:51:55 PM

The auto manufacturer will save 14% but won't pass that to the consumer.
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justbs86
Rookie Author Los Angeles

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Message Posted: Apr 17, 2012 6:51:29 PM

by the time a 20012 Prius needs & pay for a hybrid battery would be 2027
because in California, 15 years or 150,000 miles must passed, as the warranty covers the 1st 15 years or which ever comes first. The price for the hybrid should be much lower than todays cost
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Wes1972
All-Star Author California

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Message Posted: Apr 17, 2012 6:51:28 PM

I guess all the millions in govt support (grants,loans & special deals)for this industry filter back to the consumer.

I wonder what the hazard disposal charge is when you need to change these things.
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BrucePen
Champion Author Ontario

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Message Posted: Apr 17, 2012 6:50:20 PM

When demand increases the prices will fall.
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Digger52
Champion Author Chicago

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Message Posted: Apr 17, 2012 6:47:04 PM

Teeny step in the right direction. . .
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SUPERQUACK
Champion Author Sacramento

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Message Posted: Apr 17, 2012 6:46:33 PM

WONT HELP SALES
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iamforiu
Champion Author Indiana

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Message Posted: Apr 17, 2012 6:46:06 PM

ok
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eeek
Champion Author Cleveland

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Message Posted: Apr 17, 2012 6:44:22 PM

sounds good
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IUVidiot
Champion Author Indiana

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Message Posted: Apr 17, 2012 6:43:18 PM

ok
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GryphonX
Champion Author Nevada

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Message Posted: Apr 17, 2012 6:43:17 PM

We need "order of magnitude" improvements for them to make sense, not a percentage point shave here and there ...
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MattieDale
Sophomore Author Cincinnati

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Message Posted: Apr 17, 2012 6:41:30 PM

shocking
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babugp
Veteran Author Philadelphia

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Message Posted: Apr 17, 2012 6:39:19 PM

good for them
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tjc09f
All-Star Author Tallahassee

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Message Posted: Apr 17, 2012 6:31:24 PM

Ok
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LegoVasavouchi
Champion Author Oklahoma

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Message Posted: Apr 17, 2012 6:29:41 PM

Fascinating.
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PrettyLittleLady
Champion Author Modesto

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Message Posted: Apr 17, 2012 6:28:42 PM

Ok..
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sydb7
Champion Author Atlanta

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Message Posted: Apr 17, 2012 6:28:03 PM

That is good
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fcdriver
Champion Author Tennessee

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Message Posted: Apr 17, 2012 6:26:38 PM

that will help
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voom
Sophomore Author Nevada

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Message Posted: Apr 17, 2012 6:26:25 PM

But that's still $3,031.60 for a 4.4KW Prius battery.
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car54BC
Champion Author British Columbia

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Message Posted: Apr 17, 2012 6:26:06 PM

Making electric cars less expensive ???????
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TonyPSU
Champion Author Cleveland

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Message Posted: Apr 17, 2012 6:18:24 PM

Good but will they lower the price of the car?
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