Study: European Union Works to Reduce Impact on Battery Manufacturing in Relation to China<\/a><\/p>\n\n\n\nHe also notes that there has been a global drop in battery prices<\/strong> from $153 to $149 per kWh<\/strong> between 2022 and 2023<\/strong>, and it is projected to reach $80 per kWh by 2026<\/strong>.<\/p>\n\n\n\nOther Factors<\/strong><\/h2>\n\n\n\nThe research projects cost parity<\/strong> with combustion vehicles, stating that by 2026<\/strong>, electric vehicles<\/strong> will reach the same costs as internal combustion vehicles in the United States<\/strong> without subsidies.<\/p>\n\n\n\nGoldman Sachs<\/strong> argues that the electric vehicle market<\/strong> has undergone dramatic changes<\/strong> in recent years, with a significant reduction in the cost of batteries<\/strong>, which are the most expensive component<\/strong> of these vehicles.<\/p>\n\n\n\n <\/figure>\n\n\n\n\u201cThis decline in prices<\/strong> has allowed companies such as Tesla<\/strong> to reduce the price of their cars<\/strong>, without losing profitability<\/strong>, a surprising situation considering inflation and global economic challenges<\/strong>,\u201d the report adds.<\/p>\n\n\n\nOne of the main factors behind the profitability of electric vehicles<\/strong> at lower prices is the reduction in the cost of batteries<\/strong>.<\/p>\n\n\n\nA few years ago, batteries accounted for 40% to 50% of the total cost<\/strong> of an electric vehicle<\/strong>. Today, however, for most models, batteries account for only about 20% of the cost of the vehicle<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"A Goldman Sachs study says that technological advances that have enabled electric vehicle battery manufacturers to increase energy density, combined with a drop in the prices of the most sustainable metals, will drive battery prices to lower levels than previously expected. According to the report, the innovations would enable innovation and cost reduction, as they…<\/p>\n","protected":false},"author":8,"featured_media":42085,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[2054],"tags":[1648],"class_list":["post-42090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electric-mobility","tag-battery"],"yoast_head":"\n
Battery Prices Could Drop Nearly 50% by 2026 - Latam Mobility<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n