The cost of car batteries in the United States is so low.

Recently, the US Department of Energy announced that due to the continuous decline in battery costs, it directly led to the listing of electric vehicle sales in the United States.

According to data released by the US Department of Energy in 2009, the cost of power lithium-ion batteries is about $1,000/KWH (kWh/kWh). At the time, in addition to the GM Volt and Tesla, the sales of electric vehicles in the United States were very small (there are few models on the market).

In 2011, the US Department of Energy re-examined the cost of lithium-ion batteries at this time to $600/KWH (kWh/kWh). At this time, automakers began mass production of electric vehicles for the first time. In fact, according to the relevant understanding, battery cost dropped by 71% from 2009 to 2014, and electric vehicle sales rose to about 300,000. That is to say, the United States has increased the number of new energy vehicles by 10,000. In the case of constant production capacity, the cost of power lithium batteries has dropped by 1%.

The cost of car batteries in the United States is so low.

This is entirely due to the zero-emissions program launched by the California Air Resources Board (CARB). According to the plan, in the past few years, the promotion of pure electric vehicles and plug-in hybrid vehicles in the United States has doubled, which directly led to a direct decline in the cost and price of power lithium batteries.

The cost of car batteries in the United States is so low.

Figure: Linear relationship between battery cost reduction and new energy vehicle growth (Figure)

Currently, Tesla reports that battery costs have fallen to $260/KWH (kWh/kWh) [some reports say $200/KWH (kWh/kWh) per kWh]. Due to advances in battery cell chemistry and the adoption of new materials and production technologies to achieve better energy density, battery companies are actively increasing production, while companies are also planning to build more super plants, while at the same time, global cars Manufacturers will invest additional funds to build battery production bases, so we believe that battery costs will fall even more in the future.

Regardless of the driving force behind sales growth, we are pleased to see an increase in sales of electric vehicles in the US and around the world.

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