The decade-long trajectory of falling lithium-ion battery prices has halted
Julian Spector · The battery recycling boom · Jun 15, 2022 · at 7:04
Canary Media reporter Julian Spector explains how post-pandemic supply chain bottlenecks and surging EV demand interrupted a decade of declining battery costs.
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“For many years over the last decade or so, there'd been this perception that lithium ion batteries, they just get cheaper over time. You would hear that again and again, this onward march of lower prices as the factories scale up, and that's a huge reason that electric cars are gaining more, more market share, and battery storage is taking more of a role on the grid. But that, Came to a halt in the last couple of years due to a number of factors, but yeah, the supply chain crunch you also had just the surge in demand, kind of outstripping the supply for high quality batteries specifically, and so we've seen prices for the batteries actually start to rise recently.”
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