Part 4/6:
Price Drops: A Shift in Battery Economics
The discussion takes a more serious turn as the duo addresses an article from Bloomberg that details a significant drop in lithium-ion battery prices. The cost per kilowatt-hour has reportedly fallen to $115, marking the largest decrease since 2017.
Brian explains that, while this drop in costs is promising, the price of battery packs for electric trucks remains prohibitively high, posing a challenge for the idea of affordable electric work trucks. They highlight the disparity between the prices for various types of vehicles, emphasizing that the successful commercialization of alternative battery technologies, like sodium batteries, could potentially reduce these costs further.