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Falling battery prices have been one of the most consistent trends in the electric vehicle industry for the last decade. Prices dropped from well over $1,000 per kilowatt hour in 2010 to $141 per kWh last year.

This jump-started one of the biggest shifts in the auto industry in the last century, spurring automakers to plow billions of dollars into EVs.

The trend has ground to a halt this year, with BloombergNEF’s annual lithium ion battery price survey showing a 7 percent increase in average pack prices in 2022 in real terms. This is the first increase in the history of the survey.



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Rising Battery Prices Are Driving Electric Vehicles Out Of Reach Of The Average Buyer

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