Why EV Batteries Keep Getting Cheaper & Cleaner

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Excerpt:

"There are still many people in the automotive industry and many policymakers who hold doubts about the future of fully battery electric vehicles (BEV). They do not know why EV batteries keep getting cheaper and cleaner, and they do not see why they will become truly abundant. The thought is that they are too expensive now and will be too expensive in future. These cynics also often think they are too dirty to produce now and will be too dirty in the future, that they are too heavy now and will be too heavy in the future. And last but not least, they think that BEVs are scarce now and will be unavailable in the future.

Using Wright’s Law, Moore’s Law for batteries, and data from the United States Geological Survey (USGS), all the scare stories that feed those doubts can be debunked. Together, we can see that batteries will become cheaper, cleaner, lighter, and abundant.

This article also covers:

 

Moore’s Law is a Technology Cost Curve

Wright’s Law & Learning Curve (Experience Curve)

Not Just Price That’s Important — Projected Capacity Development Important, Too

For Batteries, It’s Also Important to Know What Capacity to Expect

It Is Possible to Produce Enough Batteries

It Is Cleaner to Produce Batteries than We Think …

ESG Helps Reduce CO2 Emissions

The Human Factor

Source: https://cleantechnica.com/2023/09/17/why-ev-batteries-keep-getting-cheaper-cleaner/