A good review of lithium-ion battery cost reductions
“Re-examining rates of lithium-ion battery technology improvement and cost decline” – by Ziegler & Trancik
Open source article : https://pubs.rsc.org/en/content/articlelanding/2021/ee/d0ee02681f
It is clear that in the past few decades, lithium-ion batteries have improved in terms of various metrics – energy density, specific energy, power density, etc. while costs have also reduced significantly.
This publication by Micah Ziegler and Jessika Trancik from MIT explores the correlation of the decline in price with improved technology (Moore’s Law), cumulative production (Wright’s Law), annual production (Goddard’s Law) and R&D activity as measured via patent filings.
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