this post was submitted on 12 Jul 2024
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Electric Vehicles

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Plummeting battery prices in China may normalise EVs globally - electrive.com (www.electrive.com)
submitted 3 months ago by schizoidman@lemmy.ml to c/evs@lemmy.world
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cross-posted from: https://lemmy.ml/post/17899967

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[โ€“] cron@feddit.org 15 points 3 months ago

I found an interesting graphic that shows regional price trends compared to china. A few years ago, battery prices in Europe were 80% higher than in china. By 2023, this difference decreased to 20%.

Here is the image (source)

China definitely had an advantage a few years ago, but the gap is shrinking.