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DOE Report Reveals Striking Price Drop For Critical EV Component: 'Now Almost As Cheap As Gas-Powered Cars'

10 Sep 2024 | Abstracted from The Cool Down

"The cost of electric vehicle lithium-ion batteries plunged by an impressive 90% between 2008 and 2023, according to the U.S. Department of Energy...The price of electric cars is plummeting so fast that they're now almost as cheap as gas-powered cars...

"The public health impacts and economic boosts mean that even those who don't drive EVs can benefit from their more widespread use..."

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