Goldman Sachs predicts that EV battery prices will plummet by nearly 50% by 2026, driven by technological advancements and falling green-metal prices. This could lead to a surge in EV adoption as costs approach parity with gas-powered vehicles.
Goldman Sachs credits technology advances that increase energy density in EV batteries along with a drop in green-metal prices for what could be a nearly 50% battery price decrease by 2026.
, the executive director of the National Center for Energy Analytics, a national energy think tank, was skeptical of the Goldman Sachs forecast. The leading EV battery types are lithium-based. Nearly 60% of the cost of batteries is from metals, according to Goldman Sachs. But Tucker said the EV battery recycling market, which already exists, could be a vital factor in the expansion of the EV market.
EV Battery Prices Goldman Sachs Electric Vehicles Consumer Adoption
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