Prices Of EV Batteries Poised To Drop By Almost 50%

10/16/2024 11:04:51 AM

(MENAFN- Investor Brand Network) Goldman Sachs Research has revealed that prices of electric vehicle batteries could
fall by nearly 50%
in the next a year and a half due to various technological advances. These
advances
allow manufacturers to develop EV batteries with
more capacity
without increasing their weight, allowing electric cars to travel further on a single charge.

Coupled with a drop in the price of metals used to develop EV batteries, Goldman Sachs Research explains that these advancements will result in a...

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