The Reasons Behind Lithium-Ion Batteries' Rapid Cost Decline

The Reasons Behind Lithium-Ion Batteries' Rapid Cost Decline
(Eric Perry/Ford via AP)

Lithium-ion batteries, those marvels of lightweight power that have made possible today’s age of handheld electronics and electric vehicles, have plunged in cost since their introduction three decades ago at a rate similar to the drop in solar panel prices, as documented by a study published last March. But what brought about such an astonishing cost decline, of about 97 percent?

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