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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/06\/20\/volkswagens-battery-lithium-ion-breakthrough\/<\/a><\/br> Inflation hasn\u2019t been<\/span> kind to batteries. After more than a decade of remarkably consistent declines in the price of lithium-ion battery packs, last year, the trend reversed itself.<\/p>\n The uptick was small but notable. New technologies tend to follow a similar path down the cost curve and batteries weren\u2019t thought to be an exception. But lags in material supplies and soaring demand tacked an extra $12 onto every kilowatt-hour of capacity, according<\/a> to BloombergNEF.<\/p>\n Just a couple years ago, experts surveyed by BloombergNEF were expecting total pack prices to plunge to $100 per kWh in 2024. Now, that same survey says the industry won\u2019t reach that milestone until 2026.<\/p>\n For the automotive industry, which has largely pinned its near-term decarbonization goals on declining lithium-ion battery prices, the uptick is sure to add pressure on their bottom lines. Automakers have invested hundreds of billions in new factories<\/a>, expecting demand to match the significant bump in supply. Higher battery costs could threaten those investments.<\/p>\n That is why battery companies and automakers have been working overtime to bring costs down. GM<\/a> and Stellantis<\/a> have invested in mining companies, and Ford has signed a deal with battery recyclers<\/a> to help secure stable supplies, all in an effort to rein in raw material expenses, which make up a significant fraction of overall pack costs.<\/p>\n Manufacturers have been nibbling at the margins, too, bringing down the cost of non-cell pack components to save a few dollars. But those costs only represent about 30% of the total and haven\u2019t been enough to counter the effects of higher material and manufacturing costs for the cells.<\/p>\n<\/p><\/div>\n <\/br><\/br><\/br><\/p>\n
\nVolkswagen\u2019s breakthrough could spark a battery manufacturing gold rush<\/br>
\n2023-06-20 21:42:12<\/br><\/p>\n