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Battery Pack Prices Drop 14% In Last 12 Months

According to Bloomberg New Energy Finance cost $689 a kilowatt-hour in the first quarter of 2012, compared with $800 a year earlier.

Published: 17-Apr-2012

The average price of lithium-ion battery packs for electric vehicles fell 14 percent in the past year as production capacity exceeded demand, Bloomberg New Energy Finance said.

Batteries cost $689 a kilowatt-hour in the first quarter of 2012, compared with $800 a year earlier, the London-based research company said today in a statement.

Prices for batteries have dropped 30 percent since 2009, making electric vehicles less expensive.

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