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The American bank Goldman Sachs revealed interesting information about electric car batteries. According to the institution, the prices of raw materials such as lithium, nickel and cobalt are falling and, consequently, affecting the amounts paid in production and making these batteries more affordable.
In 2022, each kWh cost, on average, US$155 (R$752 at current prices) for manufacturers in production, while this year, the value has already dropped to US$99 (R$480), a cut of 40% . The expectation, according to the bank, was that the market expected a price drop of close to 33%.
With current data, projections change completely. If prices continue to fall at this rate, in 2030 the price of each kWh will be US$70 (R$340), very close to the production costs of a combustion model.
In this scenario, the bank indicates that the subsidies applied by governments and companies to the prices of electric cars may gradually decrease, as the price will become more competitive and very close to what we saw in gasoline or diesel models.
“Reducing battery costs could lead to more competitive pricing for electric vehicles, broader consumer adoption and greater growth in the total ready markets for batteries and these cars,” said Nikhil Bhandari, director of the research center in green energy from Goldman Sachs for Asia and the Pacific, in a statement.
Demand and changing technology should also affect the price
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Goldman Sachs also reveals that the demand for electric cars is decreasing in some countries precisely because there is already a movement to withdraw benefits when purchasing the product. But with the fall in the price of batteries and the arrival of solid models, costs should fall radically and the demand for 100% electric models should increase.
The bank estimates that by 2030 the electric car market should occupy between 35% and 47% of global sales, depending on the level of acceptance of this technology.
Source: Goldman Sachs
