From Electrek: Tesla is now claiming 35% battery cost reduction at ‘Gigafactory 1’ –...

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    Sep 28, 2016
    Tesla is now claiming 35% battery cost reduction at ‘Gigafactory 1’ – hinting at breakthrough cost below $125/kWh


    Recent studies show that average electric vehicle battery cost dropped 80% in 6 years down to ~$227/kWh. It’s exciting progress for the electric vehicle industry, but it’s still not enough to make long-range electric cars affordable.

    You need batteries significantly below the average – battery cell and pack cost – in order to achieve the price point for mass market appeal and that’s what Tesla is trying to do with the Gigafactory. The company was aiming for at least a 30% reduction from its battery cost before the Gigafactory and it now claims a “35% cost reduction” in a new promotional video. more…

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