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    1. Over 20 million electric cars were sold globally in 2025. Most of these cars sold for around $40,000, but some are now as cheap as $10,000.1

      Even just two decades ago, these prices and sales figures would have been impossible. That’s because the batteries were far too expensive.

      The chart below shows the decline in lithium-ion battery cell prices since 1991. Note that this is shown on a logarithmic scale.

      The price declined by more than 99%. In 1991, lithium-ion batteries cost around $9,200 per kilowatt-hour — 23 years later, they cost just $78.

      Let’s put that in perspective. The battery cells you’d find in a standard electric car today, which give around 220 to 250 miles (350 to 400 kilometers) of range, cost around $5,000.2

      Just a decade ago, this would have cost over $20,000, as much as many would pay for the entire car itself. And back in 1991, almost $600,000.3

      What’s promising is that the drop in prices continues: they’ve fallen by a third in just the last few years.

    2. Alarmed_Tennis_6533 on

      The 99% drop in battery costs over 30 years is arguably the most important tech stat of our generation. It’s the difference between ‚electric cars are a toy for the rich‘ and ‚electrified mass transit is inevitable.‘ We finally have the hardware to match our software ambitions. Now the challenge is scaling the grid to keep up with the storage.

    3. bakeacake45 on

      And then Republicans started ripping our charging stations we just paid for…

    4. Until AI data center managers suddenly realize the need for backup power supply transition batteries so there aren’t any glitches between the grid going down and the gennies cranking up.

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