How much does an electric car battery cost?

Electric automobiles are more expensive than their thermal counterparts since the cost of an electric car battery is a significant portion of the total cost of the vehicle. But it also has to do with the money that manufacturers are investing in things like new platforms and propulsion systems. But how much does a battery for an electric vehicle cost? Its price ranges roughly from 6,000 to 14,000 euros.Taking into account the data provided by numerous manufacturers and suppliers from various nations across the world, Statista provides information on the cost of electric car batteries in dollars per kWh of battery capacity. While an NCM-type battery does not, for instance, cost the same as an LFP, they are approximate and average data. However, they are indicative and pertinent facts that allow us to more accurately determine the cost of an electric car battery based on the amount of energy it can store.

How much does an electric car battery cost?

In this documentation we can see that the  price , measured in  USD / kWh , is currently around  120 dollars / kWh . This means, as is evident, that the price of an electric vehicle battery depends directly on its energy capacity. According to this, in a car with  50 kWh the price of the battery would be  6,000 dollars , but in an electric car with a  100 kWh battery we would be talking about a price of  12,000 dollars only for its lithium-ion battery. And it is something that has evolved enormously, because in 2011 they cost 917 dollars / kWh.At the moment, the battery of an electric car costs approximately  between 6,000 and 14,000 euros , so it represents a significant part of the total cost of the electric vehicle in question. 

The forecast is that as the years go by, there is greater demand and the supply is adjusted accordingly,  prices will gradually fall. Throughout this evolution there have been some setbacks that have caused occasional price increases that will be repeated. However, in a macro view,  the evolution points to a constant drop in prices.Lithium-ion batteries of the LFP type are somewhat cheaper than those with other chemistry.Typically, the higher the energy density , the higher the price of the battery in question. In an electric car, on the other hand, one must also consider the costs involved in a cooling system for the complete battery pack, the cost of the current inverter, the cost of all the circuitry and other components that are directly related to the battery itself. Electric motors, however, are much cheaper.

They break the barrier of fast charging in EV with a new material for batteries

Although electric car batteries may currently be charged at very rapid rates, there is still room for improvement. According to studies conducted by scientists at the University of Tennessee in Knoxville and the Oak Ridge National Laboratory of the Department of Energy. Using a novel substance that has never been employed before,Fast charging has never been possible before thanks to lithium-ion batteries. It marks a significant turning point that foreshadows the future of electric vehicles.

For the anode of a lithium-ion battery, which is what is now utilised in electric automobiles, graphite has been the best material discovered and used for decades. But as they clarify and it is explained in Advanced Energy Materials, a molybdenum, tungsten, and niobate (MWNO) compound has been discovered that has advantages that are significantly greater than those that a graphite anode can provide. Furthermore, because it was accomplished using a scalable synthesis technique, it is not something that will remain in the laboratory, far from it. In other words, it can effortlessly result in the mass production of batteries for electric cars.

A new material for the anode that breaks all the barriers of fast charging of batteries for electric cars

The cathode and the anode, two solid electrodes joined by the electrolyte and a separator, make up the basic structure of a lithium-ion battery for an electric vehicle. In these batteries, the process of charging and discharging electrical energy involves lithium ions moving between the anode and cathode. The main issue with the graphite anode, which is utilised in practically all electric car batteries, is that it leads to the electrolyte's progressive breakdown and the formation of dendrites. As a result, the battery gradually deteriorates and loses stability and performance.

Therefore, it may be said that the existing graphite anodes constitute a hindrance to obtaining super quick charging. The target was to charge completely in less than 15 minutes, which is impossible with a graphite anode. As outlined in the specifics of his inquiry, he has worked with a variety of materials, and positive outcomes have been obtained with several of them. The issue with the majority is that they have intricate synthesis processes that aren't well suited to industry. The good news is that they have created a novel material that loads exceptionally quickly and that it can be mass-produced without causing issues for the industry.

They go into depth about how this new material enables operation at a higher voltage than graphite without causing the battery to degrade gradually. They clarify that since the new cathode material does not deteriorate the electrolyte, it does not result in dendrites with extremely quick charging systems. In other words, it enables the removal of obstacles and constraints brought about by the properties of the graphite employed as the cathode in conventional lithium-ion batteries for electric vehicles.

The key? The reason for this is that the material's nanoporous structure offers better electrical conductivity. It makes it easier to use faster charging systems and provides less resistance to the movement of lithium ions and electrons between the poles of the battery cell. And as we already know, this might be a true breakthrough for electric cars because it would make it possible for them to fully recharge in about the same amount of time as a gasoline or diesel vehicle does when refuelling.