Is the Recent Price Spike in Electric Vehicle Lithium-Ion Battery Packs Temporary or the Start of a New Trend?

Initiative Future of Transport and Fuel Demand
Type Instant Insight
Date 5 March 2023

Alternative fuels
Carbon market
Clean technology
Climate change
Crude Oil
Diesel
Economic structural change
energy
Energy demand
Energy efficiency
Energy prices
Energy transition
Fleet Fuel Economy
Fleet GHG Emissions
Freight transport activity
Freight transport energy demand
Frieght Big data
IMO (International Maritime Organization
India
Land use - Transport interaction
Multimodal freight transport
Oil Market Policy
Oil-exporting countries
Petroleum
Regional Markets
Ride-hailing
Spatial economic model
Sustainable Mobility
Transit Oriented Development
Transport policy design
Uberization of freight
Urban energy model
Vehicle Electrification

Abstract

Most nations are evaluating vehicle electrification as a way to decarbonize their passenger car sectors. To make electric vehicles competitive with conventional vehicles for cost-conscious consumers, the upfront purchase price of electric vehicles needs to fall. The battery pack is the most expensive part of an electric vehicle, accounting for about 30% of the total cost to consumers.

Authors

Rubal Dua

Research Fellow Rubal is a research fellow at KAPSARC focused on understanding consumer decision making, in particular, consumer choice of energy-efficient technologies… Rubal is a research fellow at KAPSARC focused on understanding consumer decision making, in particular, consumer choice of energy-efficient technologies and mobility options under alternative technology and policy scenarios. Before joining KAPSARC, Rubal gained a Ph.D. at KAUST designing advanced carbon materials for energy and environmental applications, with a particular focus on energy storage, carbon capture, waste-water treatment, and hydrogen generation via solar water splitting. Prior to that, he worked at the University of Pennsylvania on a semiconductor industry-funded project, developing a continuum modeling framework for simulating the physics of micro defect formation in silicon crystals.

Expertise