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Battery Replacement Costs Are Poised To Plunge: 'Cheaper Than Fixing An Engine'

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Puneeth Yv

*Climate research firms expect the prices of lithium, a key raw material in an EV battery, to plummet in the coming years. *This trend will likely keep second-life batteries in service years after they are first introduced, thanks to technological improvements. *Battery replacements are rare. Even then, replacements are poised to cost as much as, or even lower than replacing a combustion engine by 2030. https://insideevs.com/news/742022/battery-replacement-costs-fall-cheaper-than-fixing-engine/

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