Best-in-Class Players Such as Panasonic-Tesla Will Achieve 35% Reductions Over the Next Decade, While Others Could Lag at Over $229/kWh, According to Lux Research
BOSTON, MA--(Marketwired - May 19, 2015) - The electric vehicle opportunity is set to expand, as leading battery developers like Panasonic drive down prices of lithium-ion (Li-ion) battery packs by 35% to $172/kWh in 2025, according to Lux Research. However, only the best-in-class players will achieve that cost threshold, while others lag at $229/kWh.
The estimate is based on a new bottom-up cost model built by Lux Research in an industry known for being highly secretive about its costs. The model accounts for differences in battery chemistry, form factor, production scale, location and other nuances.
"High battery prices have led to some huge missed opportunities in the electric vehicle market. Now if developers can drive down prices to $200/kWh or less at the pack level, they have a chance of selling millions of EVs by the mid- to late-2020s, and reap great revenues," said Cosmin Laslau, Lux Research Senior Analyst and lead author of the report titled, "Crossing the Line: Li-ion Battery Cost Reduction and Its Effect on Vehicles and Stationary Storage."
Lux Research analysts used primary interviews and research to build out its cost model for Li-ion batteries and evaluate the new opportunities emerging for developers and OEMs. Among their findings:
The report, titled "Crossing the Line: Li-ion Battery Cost Reduction and Its Effect on Vehicles and Stationary Storage," is part of the Lux Research Energy Storage Intelligence service.
About Lux Research
Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.
Contact Information:
Contact:
Carole Jacques
Lux Research, Inc.
617-502-5314
carole.jacques@luxresearchinc.com