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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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jerej829 Champion Author Memphis Posts:2,836 Points:689,965 Joined:May 2011	Message Posted: Apr 17, 2012 7:44:35 PM Ignore jerej829 Report Abuse ok, not for me
pliskin Champion Author Syracuse Posts:6,061 Points:1,727,920 Joined:Apr 2005	Message Posted: Apr 17, 2012 7:43:31 PM Ignore pliskin Report Abuse And the point is? I'm still not inclined to buy an electro scrap heap!
firasatali Champion Author Toronto Posts:3,080 Points:565,550 Joined:May 2011	Message Posted: Apr 17, 2012 7:43:20 PM Ignore firasatali Report Abuse good
itsjustme719 All-Star Author Hamilton Posts:611 Points:596,100 Joined:Dec 2010	Message Posted: Apr 17, 2012 7:41:03 PM Ignore itsjustme719 Report Abuse Still out of my price range.
camaro_man Champion Author Kitchener-Waterloo Posts:2,210 Points:607,005 Joined:Jun 2010	Message Posted: Apr 17, 2012 7:37:21 PM Ignore camaro_man Report Abuse wow
heidi727 Rookie Author South Carolina Posts:17 Points:127,145 Joined:Mar 2011	Message Posted: Apr 17, 2012 7:37:10 PM Ignore heidi727 Report Abuse still expensive
Graysharky Rookie Author Toronto Posts:18 Points:51,055 Joined:Jan 2012	Message Posted: Apr 17, 2012 7:32:45 PM Ignore Graysharky Report Abuse The Manufacturers will make good profits when more vehicles needing Lithium-Ion and other EV battery packs are sold in large numbers.
hank1326 Champion Author Los Angeles Posts:8,898 Points:1,730,035 Joined:Jun 2008	Message Posted: Apr 17, 2012 7:31:33 PM Ignore hank1326 Report Abuse Ditto to sonic_cd33. Still too costly.
mfeldstein Champion Author Ottawa Posts:8,156 Points:1,927,455 Joined:Feb 2007	Message Posted: Apr 17, 2012 7:26:08 PM Ignore mfeldstein Report Abuse All new technologies drop in price over time.
sonic_cd33 Champion Author Illinois Posts:2,160 Points:550,870 Joined:Aug 2011	Message Posted: Apr 17, 2012 7:25:32 PM Ignore sonic_cd33 Report Abuse still too much...
bowser12304 Champion Author Pennsylvania Posts:1,925 Points:1,038,955 Joined:Dec 2008	Message Posted: Apr 17, 2012 7:24:25 PM Ignore bowser12304 Report Abuse still tooooooooooooooo expensive
shea33 Champion Author Pensacola Posts:2,348 Points:538,940 Joined:Oct 2011	Message Posted: Apr 17, 2012 7:23:46 PM Ignore shea33 Report Abuse yep
oldiesman Champion Author New York Posts:6,412 Points:2,190,935 Joined:May 2006	Message Posted: Apr 17, 2012 7:21:57 PM Ignore oldiesman Report Abuse Never buy one?
no8c Champion Author Ohio Posts:2,784 Points:700,850 Joined:Jul 2008	Message Posted: Apr 17, 2012 7:19:47 PM Ignore no8c Report Abuse Thanks for posting this article!
PerSonneL Champion Author Alberta Posts:1,188 Points:736,915 Joined:Mar 2008	Message Posted: Apr 17, 2012 7:14:28 PM Ignore PerSonneL Report Abuse as if it was cheap?
Mermaan Champion Author Boston Posts:1,572 Points:421,235 Joined:Apr 2011	Message Posted: Apr 17, 2012 7:14:04 PM Ignore Mermaan Report Abuse Good news to help sell EV's, Plug in's, and Hybrids to the masses.
rxman1 Champion Author Toledo Posts:9,522 Points:1,857,895 Joined:Nov 2007	Message Posted: Apr 17, 2012 7:13:40 PM Ignore rxman1 Report Abuse A step in the right direction but not lasting I'll bet.
CQQKIE All-Star Author Illinois Posts:970 Points:348,915 Joined:Jul 2008	Message Posted: Apr 17, 2012 7:12:12 PM Ignore CQQKIE Report Abuse To much money.
northerntruckgu Veteran Author Ontario Posts:495 Points:130,910 Joined:Nov 2011	Message Posted: Apr 17, 2012 7:11:04 PM Ignore northerntruckgu Report Abuse C02 from cars or from hydo plants same diff What a joke
toadNY Champion Author Albany Posts:7,022 Points:1,509,250 Joined:Apr 2008	Message Posted: Apr 17, 2012 7:10:41 PM Ignore toadNY Report Abuse When they recharge them selfs as you drive than may be!
RickF350 Champion Author Washington Posts:3,408 Points:705,050 Joined:Apr 2008	Message Posted: Apr 17, 2012 7:09:40 PM Ignore RickF350 Report Abuse Still too expensive.
sammy518 Champion Author Austin Posts:2,589 Points:539,790 Joined:Dec 2010	Message Posted: Apr 17, 2012 7:04:48 PM Ignore sammy518 Report Abuse ok
Nancy&Len Champion Author Cleveland Posts:2,033 Points:1,941,815 Joined:Sep 2004	Message Posted: Apr 17, 2012 7:04:14 PM Ignore Nancy&Len Report Abuse Could it be because the market is soft.
pbug101 Champion Author Georgia Posts:2,439 Points:575,900 Joined:Aug 2011	Message Posted: Apr 17, 2012 7:04:14 PM Ignore pbug101 Report Abuse good
Romey08 Champion Author Virginia Posts:6,311 Points:1,436,490 Joined:Apr 2008	Message Posted: Apr 17, 2012 7:03:23 PM Ignore Romey08 Report Abuse Drop in prices is always a good thing
Dennis783 Champion Author Des Moines Posts:13,574 Points:2,699,885 Joined:Sep 2005	Message Posted: Apr 17, 2012 7:00:58 PM Ignore Dennis783 Report Abuse That's what needs to happen!
cssco Champion Author Virginia Posts:7,304 Points:1,747,490 Joined:Feb 2006	Message Posted: Apr 17, 2012 6:58:46 PM Ignore cssco Report Abuse No hope here.
captngasTN Champion Author Tennessee Posts:3,015 Points:1,323,375 Joined:Jun 2009	Message Posted: Apr 17, 2012 6:56:44 PM Ignore captngasTN Report Abuse if production capacity exceeded demand then why the surge in EV sales in a previous article?
dieselme2011 Champion Author Vancouver Posts:2,583 Points:600,790 Joined:Mar 2011	Message Posted: Apr 17, 2012 6:55:48 PM Ignore dieselme2011 Report Abuse Still to expensive for my budget
cleangasprices Veteran Author Vancouver Posts:315 Points:72,515 Joined:May 2011	Message Posted: Apr 17, 2012 6:54:19 PM Ignore cleangasprices Report Abuse I would consider when prices come down by 33%
southrob Champion Author Tucson Posts:3,585 Points:685,150 Joined:Mar 2011	Message Posted: Apr 17, 2012 6:52:45 PM Ignore southrob Report Abuse exspensive
TedNC All-Star Author North Carolina Posts:985 Points:224,900 Joined:May 2011	Message Posted: Apr 17, 2012 6:51:55 PM Ignore TedNC Report Abuse The auto manufacturer will save 14% but won't pass that to the consumer.
justbs86 Rookie Author Los Angeles Posts:47 Points:136,265 Joined:Nov 2010	Message Posted: Apr 17, 2012 6:51:29 PM Ignore justbs86 Report Abuse 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
Wes1972 All-Star Author California Posts:650 Points:317,460 Joined:Mar 2011	Message Posted: Apr 17, 2012 6:51:28 PM Ignore Wes1972 Report Abuse 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.
BrucePen Champion Author Ontario Posts:6,586 Points:1,358,815 Joined:Sep 2008	Message Posted: Apr 17, 2012 6:50:20 PM Ignore BrucePen Report Abuse When demand increases the prices will fall.
Digger52 Champion Author Chicago Posts:2,387 Points:844,935 Joined:Aug 2008	Message Posted: Apr 17, 2012 6:47:04 PM Ignore Digger52 Report Abuse Teeny step in the right direction. . .
SUPERQUACK Champion Author Sacramento Posts:6,106 Points:1,907,080 Joined:Jun 2007	Message Posted: Apr 17, 2012 6:46:33 PM Ignore SUPERQUACK Report Abuse WONT HELP SALES
iamforiu Champion Author Indiana Posts:3,555 Points:707,740 Joined:May 2011	Message Posted: Apr 17, 2012 6:46:06 PM Ignore iamforiu Report Abuse ok
eeek Champion Author Cleveland Posts:15,275 Points:3,090,345 Joined:Sep 2003	Message Posted: Apr 17, 2012 6:44:22 PM Ignore eeek Report Abuse sounds good
IUVidiot Champion Author Indiana Posts:3,565 Points:705,210 Joined:Jun 2011	Message Posted: Apr 17, 2012 6:43:18 PM Ignore IUVidiot Report Abuse ok
GryphonX Champion Author Nevada Posts:6,095 Points:1,584,775 Joined:Nov 2007	Message Posted: Apr 17, 2012 6:43:17 PM Ignore GryphonX Report Abuse We need "order of magnitude" improvements for them to make sense, not a percentage point shave here and there ...
MattieDale Sophomore Author Cincinnati Posts:236 Points:207,275 Joined:Mar 2003	Message Posted: Apr 17, 2012 6:41:30 PM Ignore MattieDale Report Abuse shocking
babugp Veteran Author Philadelphia Posts:339 Points:76,685 Joined:Mar 2012	Message Posted: Apr 17, 2012 6:39:19 PM Ignore babugp Report Abuse good for them
tjc09f Veteran Author Tallahassee Posts:468 Points:667,070 Joined:Mar 2011	Message Posted: Apr 17, 2012 6:31:24 PM Ignore tjc09f Report Abuse Ok
LegoVasavouchi Champion Author Oklahoma Posts:1,659 Points:114,390 Joined:Apr 2011	Message Posted: Apr 17, 2012 6:29:41 PM Ignore LegoVasavouchi Report Abuse Fascinating.
preacherjohn Champion Author Modesto Posts:3,970 Points:1,914,885 Joined:May 2006	Message Posted: Apr 17, 2012 6:28:42 PM Ignore preacherjohn Report Abuse Ok..
sydb7 Champion Author Atlanta Posts:3,542 Points:1,916,730 Joined:Mar 2003	Message Posted: Apr 17, 2012 6:28:03 PM Ignore sydb7 Report Abuse That is good
fcdriver Champion Author Tennessee Posts:7,228 Points:1,469,830 Joined:Sep 2008	Message Posted: Apr 17, 2012 6:26:38 PM Ignore fcdriver Report Abuse that will help
voom Rookie Author Nevada Posts:39 Points:642,880 Joined:May 2004	Message Posted: Apr 17, 2012 6:26:25 PM Ignore voom Report Abuse But that's still $3,031.60 for a 4.4KW Prius battery.
car54BC Champion Author British Columbia Posts:3,327 Points:1,252,280 Joined:May 2008	Message Posted: Apr 17, 2012 6:26:06 PM Ignore car54BC Report Abuse Making electric cars less expensive ???????
TonyPSU Champion Author Cleveland Posts:2,516 Points:690,530 Joined:May 2011	Message Posted: Apr 17, 2012 6:18:24 PM Ignore TonyPSU Report Abuse Good but will they lower the price of the car?