Outlook for EV Batteries in 2025: Pricing Trends and Market Challenges - PRESS AI WORLD
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Outlook for EV Batteries in 2025: Pricing Trends and Market Challenges

share-iconThursday, January 02 comment-icon2 weeks ago 7 views
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Outlook for EV Batteries in 2025: Pricing Trends and Market Challenges

Credited from: SCMP

  • The global battery market faced challenges in 2024 marked by weaker electric vehicle (EV) demand and overcapacity.
  • Battery prices are forecasted to decrease significantly, with average costs predicting a drop to US$90 per kWh in 2025.
  • Technological advancements and reduced battery metal prices are contributing to this price reduction, with commodity costs impacting over 40% of the price decline.
  • China will continue to lead global EV sales, with estimates suggesting 85 million EVs on the road by the end of 2025.
  • Geopolitical factors, particularly Trump’s potential tariffs on China, could reshape the market dynamics and pricing structures.

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Ev batteries Market trends Pricing Lithium Energy storage Geopolitics
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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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