In the past 15 years, the cost of lithium-ion battery packs for light-duty EVs has dropped 90%, from $1,300 to $139 per kilowatt-hour in 2023, as per the U.S. DOE.

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Impact of Production Volume on Battery Prices

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Fluctuations in Battery Prices Due to External Factors

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Fluctuations in Battery Prices Due to External Factors

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Future Prospects for Battery Cost Reductions

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