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Rising battery prices threaten to derail the arrival of affordable EVs

Average pack prices rose 7% in 2022

Bloomberg News

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 […]

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