EV battery costs, and emissions, fall dramatically as capacity increases

The rise in production of battery packs to supply the increasing demand for electric vehicles (EVs) has results in significant falls in both prices and emissions, according to new reports. Read full article here.

A recent report published by Bloomberg New Energy Finance (BNEF) says that since 2010 battery prices have dropped from $US1,100/kWh ($A1,609) and should reach near the magical $US100/kWh mark ($A146) by 2023, at which time EV purchase prices will be on par with internal combustion engine vehicles.