EV Battery Prices Plunge 89% In Ten Years ...Middle East

The price of a lithium-ion battery pack used to power an electric vehicle has plunged 89% in the last decade. It could drop even further in the next couple of years, allowing automakers to manufacture mass-market electric vehicles for the same cost as ones that run on petrol.  About a decade ago, the cost of a lithium-ion battery pack was around $1,110 per kilowatt-hour. That figure now stands at roughly $137 per kilowatt-hour, and likely to plunge to about $100 per kilowatt-hour in the next couple of years, said Fast Company, citing…

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