DSGT - Why EV Batteries Are Currently Expensive
Although electric vehicles (“EVs”) are slated to replace internal combustion engine (“ICE”) vehicles as part of global efforts to reduce greenhouse gas emissions, a couple of factors prevent mass EV adoption. The chief obstacle to the widespread adoption of electric vehicles is price, with most EVs being way far too expensive for the average driver.
The lithium-ion battery packs that power these alternative energy vehicles are responsible for their high prices, costing up to one-third of an EV's total price. Consequently, reducing EV battery prices without compromising their energy density and safety is vital if electric vehicles are to become...
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