1. The price of Lithium will drop by half in the next five years: "prices, which averaged $1,160 per kilowatt hour in 2010, reached $176 per kWh last year and could drop below $100 in 2024".
2. Tweaks to the formulation "could boost the energy storage of a lithium-ion battery by 20 percent or more".
3. Supply is going to increase: "Capacity now stands at 302.2 gigawatt-hours, and plants with another 603.8 GWh are planned to open within the next five years."
So there is something better coming: in a few years we will have vastly more batteries, which worker better, and cost much less. It's just that they'll be an evolution of lithium-ion rather than a brand new technology.
1. The price of Lithium will drop by half in the next five years: "prices, which averaged $1,160 per kilowatt hour in 2010, reached $176 per kWh last year and could drop below $100 in 2024".
2. Tweaks to the formulation "could boost the energy storage of a lithium-ion battery by 20 percent or more".
3. Supply is going to increase: "Capacity now stands at 302.2 gigawatt-hours, and plants with another 603.8 GWh are planned to open within the next five years."
So there is something better coming: in a few years we will have vastly more batteries, which worker better, and cost much less. It's just that they'll be an evolution of lithium-ion rather than a brand new technology.