Batteries are the most common component of the battery. expensive than electric cars. For some time, however, there has been talk of a constant reduction in prices which should lead these vehicles to be more expensive in the future. accessible. The global market, however, is in a particular phase with rising energy prices, skyrocketing inflation and the rising cost of raw materials.
The result is; that the average price of batteries in 2022 is on the rise. This was reported by a report by BloomberNEF which highlights that this is the first time that the average cost tends to rise since it began to monitor prices in 2010.
INCREASE OF 7% < img src="/wp-content/uploads/438463e8012be3d82e51abca3bebc5d3.gif" />
So, after a decade of steady decline, in 2022 < strong>there is it was an increase of 7%. There is talk of an arrived price at 151 dollars per kWh. Cost that should remain more than less stable in 2023 before declining again in 2024. It is worth noting that the report highlights that the price increase comes despite the increased use of LFP batteries which are less expensive. In other words, if these accumulators had not spread, the increase in prices would probably have been greater.
Entering more in detail, the report specifies that the cost of 151 dollars per kWh is an average calculated on the costs of batteries for electric vehicles and for storage solutions. Strictly speaking of the cars, the average price for 2022 was tipped at $138 per kWh per battery pack. At the cell level, the cost drops to $115 per kWh. Therefore, this means that for the construction of a battery pack, the cells weigh approximately 83% of its total cost.
A positive given that until recently, the cells represented approximately 70% of the total price. This difference is due to the increasing use of cell-to-pack architecture which has helped reduce the overall cost of a battery pack.
The report highlights other interesting details. In China, a battery pack costs less and stands at $127 per kWh. A fact that, however, is not surprising. In the US and Europe, a battery pack costs 24% to 33% more. The reasons for these differences are quite clear. China's battery market is growing. much more; mature. Given the production numbers, companies are able to purchase raw materials at a lower cost. content. Globally, Chinese companies are able to achieve better economies of scale.
As mentioned at the outset, average costs will fall again in 2024 as lithium prices are expected to decline as capacity increases. of extraction and refining. Therefore, the threshold of 100 dollars per kWh which should lead electric cars to cost as much as internal combustion engines, should be reached, underlines Bloomberg, in 2026. Evelina Stoikou who worked on drafting the report, commented:
Raw material and component price increases were the main drivers of the cell price increase observed in 2022. Due to these price increases for battery metals, large producers of batteries and automakers have adopted strategies more; moves to hedge volatility, including direct investment in mining and refining projects.
Despite rising prices, the report highlights how global demand for batteries has increased during 2022. Demand is expected to reach 603 GWh in 2022, which is 603 GWh. nearly double that of 2021. In addition, continued investment in research and development will help improve battery technology and reduce costs over the next decade, according to the report.
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