Price for Lithium-ion Batteries Continues to Fall

Good news for all types of electric vehicles including electric scooters and e-bikes; the price for their power source lithium-ion batteries continues to fall.

The average price per kilowatt hour has fallen to $137 according to a recent article by Bloomberg. This represents a 13% fall since 2019's figure of $137, or down from $1,100 10 years ago. The tipping point, so when price parity with gasoline engines is expected in 2023 when the price will be $101/kWh.