Many analyses have shown that EV battery costs stopped decreasing in 2022, putting off affordability goals. But the U.S. Department of Energy (DOE) recently issued a reality check. Based on 2022-constant dollars, battery costs actually continued falling last year at the pack level, because of accelerated inflation, according to DOE estimates. The... DOE: In 2022 money, EV battery costs have kept falling
Many analyses have shown that EV battery costs stopped decreasing in 2022, putting off affordability goals. But the U.S. Department of Energy (DOE) recently issued a reality check. Based on 2022-constant dollars, battery costs actually continued falling last year at the pack level, because of accelerated inflation, according to DOE estimates. The...