DevAutomotive Newsabout 4 hours ago
EV battery prices hit record low
6 min read
Global average battery pack prices fell to $108 per kilowatt-hour, with Chinese lithium iron phosphate packs at $84 per kWh, according to the Volta Foundation's 2025 Battery Report. The decline pushes EVs closer to cost parity with gasoline vehicles, though sagging U.S. demand and overproduction in China slow new technology development.
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