Battery prices hit record low; Why have most EVs not come down in price?

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Regarded as the costliest element in an electric vehicle (EV), the lithium-ion battery has undergone a remarkable decline in prices over the last decade. As of 2013, data from the Bloomberg New Energy Foundation (BNEF) indicates that the average cost of a lithium-ion battery stood at $780 per kilowatt-hour.

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