Study predicts dramatic decline in lithium ion battery costs

The price of automotive lithium ion batteries is expected to fall dramatically by the end of the decade and even further by 2025, according to a McKinsey Research study released today.
In a “should cost” model that researchers developed, the consulting firm says the price for a “complete automotive lithium ion battery pack” could drop from $500 to $600 per kilowatt hour today to about $200 by 2020 and $160 by 2025.
[Automotive News]