Infographic: Falling battery prices drive EV sales

According to a BNEF survey, average pack prices will be close to $100/kWh by 2023

Last updated: June 29, 2021 | 15:11

1 MIN READ

SAIC-GM-Wuling Automobile Co. electric vehicles (EVs) are plugged in at charging stations at a roadside parking lot in Liuzhou, China.

Bloomberg

According to projections by research company BloombergNEF (BNEF), larger EVs will reach price parity with their fossil-fuel counterparts in the US and Europe in 2022, with parity reached in most other segments and regions by the end of the decade.

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