From July 2023 through summer 2024, battery cell pricing is expected to plummet by over 60% (and potentially more) due to a surge in EV adoption and grid expansion in China and the U.S.
Soon: The Great Chicago Battery Fire
Battery prices collapsing, grid-tied energy storage expanding
Submitted 1 month ago by Wanderer@lemm.ee to energy@slrpnk.net
https://pv-magazine-usa.com/2024/03/06/battery-prices-collapsing-grid-tied-energy-storage-expanding/
stanka@lemmy.ml 1 month ago
Demand goes up, price goes down. Just like I always learned!
sonori@beehaw.org 1 month ago
That’s how it works in manufacturing. The more of something you make, the more economies of scale kick in and the lower the cost per item.
Of course, a depressing number of economists seem to think this doesn’t exist, because obviously the market will be allowed to collude to raise prices on in demand items, even if the price per item is falling.
You could also note that supply and demand are just two of several thousand factors, and any analysis that pretends they are the only two factors is going to be woefully disconnected from reality.
Wanderer@lemm.ee 1 month ago
Yes capitalism is a wonderful thing.