The Cost of Making EVs Battery Pack is 90% Less Over the Years?!
The electric vehicle (EV) industry has seen remarkable advancements over the past decade and a half, with one of the most significant achievements being the dramatic reduction in battery pack costs. Between 2008 and 2023, the cost of EV battery packs was slashed by 90%, making EVs more affordable and accessible. This article explores the key factors contributing to this cost reduction and its impact on the EV market.
