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EV battery prices fell sharply in 2024

ArenaEV
Good news for anyone thinking about buying an electric car: the batteries that power them got a lot cheaper last year. In 2024, prices for lithium-ion battery packs, the heart of any EV, tumbled by 20%, according to a study by the International Energy Agency (IEA). This is the biggest price dive seen since 2017. Why the sudden price break?… Read more…

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