Plummeting Battery Prices Will Push BEVs Below Parity Soon - CleanTechnica

The article from CleanTechnica discusses the rapid decline in battery prices and its significant impact on battery electric vehicle (BEV) pricing, particularly in Europe and China. Battery costs are expected to drop by about 70% over the next five years, with some Chinese manufacturers already experiencing lower prices now. This reduction will enable carmakers to lower BEV retail prices below those of internal combustion engine (ICE) vehicles within 2 to 4 years in Europe, and even sooner in China. The article highlights that European car prices are tightly controlled by manufacturers and importers, limiting discounts and keeping BEV prices relatively high to protect ICE sales. However, as battery prices fall, companies committed to phasing out ICE vehicles, like Volvo, are likely to reduce BEV prices to gain market share. The article also notes that improved battery density will allow larger battery capacities without increasing costs, addressing range anxiety and making electric subcompact and compact cars more practical and competitively priced. This shift could revive the popularity