Photo Credit:Fair Use [17 U.S.C. § 107] CATL's soon-to-open battery plant in Hungary

Plummeting Battery Prices Will Push BEVs Below Parity Soon

16 Oct 2025 | Abstracted from CleanTechnica

Battery costs are falling so fast that battery electric vehicles (BEVs) could reach price parity with internal combustion vehicles within 2-4 years in Europe, and in China some models have already done so. The author expects battery pack costs to drop ~70% over the next five years, which would allow automakers to slash BEV retail prices while maintaining margins. That shift may force more aggressive pricing competition and encourage faster EV adoption.

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