Battery costs fell about 35 percent in real terms since 2020. Equivalent electric models dropped roughly 18 percent over five years. Combustion cars moved the other way, growing about 2 percent. Every year we’re told the next breakthrough in battery technology will finally make EVs more affordable. Quietly, that’s already started happening… at least on the manufacturing side. According to a new study out of Germany, global battery costs have fallen by roughly 35 percent in real terms since 2020. Yet if you’ve been shopping for an EV lately, you’ve probably noticed they haven’t become dramatically cheaper. In fact, the median advertised price actually went up. Here’s why. var adpushup…
EVs Actually Got 18% Cheaper, So Why Did The Median Price Go Up?
