According to reports, if the price of lithium-ion batteries continues to fall, the price of electric vehicles will be lower than that of traditional models in 2025.

A report released by the reporter's New Energy Finance recently showed that the cost of some models will be the same as that of the traditional internal combustion engine model in 2024, and will be lower than the traditional model in 2025. The research institute pointed out that in order to achieve the above results, although the price of metal used in batteries continues to rise, the price of battery packs still needs to be reduced.

As more and more countries and companies are determined to purify the city's air and meet the climate goals set by the Paris Agreement, the team that produces electric vehicles is growing. In September last year, British lawyers began investigating the electric vehicle market, investigating the infrastructure needed, and deciding whether to ban traditional fuel vehicles from 2040.

Electric vehicle battery price is expected to decline. It is expected to be lower than internal combustion engine models after 7 years.

According to a report released by the British Green Alliance, under the incentive mechanism, the UK auto trade deficit will be reduced by 5 billion pounds (about 7 billion US dollars); the World Fund Committee also pointed out that the early elimination of traditional internal combustion engine models will bring 14,000 to the industry. Jobs. This week, the two organizations urged the UK to advance the plan to ban the sale of fuel vehicles to 2030.

The reporter pointed out that by 2030, the price of electric vehicle batteries is expected to drop by 67%. According to the report of the reporter's new energy finance, the large-scale mass production of lithium-ion batteries will cause the battery price to drop to 70 US dollars per kWh in 2030. In 2017, the average price of battery packs was about $208 per kWh, which accounted for about two-fifths of the total cost of electric vehicles, greatly reducing profit margins.

Colin McKerracher, a reporter for New Energy Finance and Transportation, pointed out that "electric vehicle sales will continue to rise in the next few years, but in order to promote large-scale market usage, battery prices will continue to decline. If the price of battery materials continues to increase substantially, it will be postponed. The departure of the demarcation point."

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