Battery costs are plummeting as lithium prices drop from $149 per kWh in 2023 to just $80 per kWh by 2026 https://lnkd.in/evkz95DS
You hear this from EV skeptics all the time: "You have to replace the battery every few years and that costs a fortune!" But the latest data from Recurrent suggests that's no longer the case. Most modern batteries can last 200,000 miles or more. And the latest estimates put EV battery replacement costs on par with replacing an internal combustion engine. Yes, really. Read on to learn more. https://lnkd.in/evkz95DS