Lithium Battery Prices Plunge 99% in 35 Years (xataka.com)

• Battery prices fell from $9,210/kWh (1991) to $111/kWh (2023).
• Each doubling of cumulative production reduced price by 19% (Wright's Law).
• EU estimates need for 200-600 GWh storage by 2030, now more affordable.

"Lithium-ion battery prices have dropped 99% since 1991, from $9,210/kWh to $111/kWh in 2023. A stable learning curve of 19% price decline per doubling of production indicates the trend will continue. This is crucial for energy storage and electric vehicles, though supply chain risks for critical minerals remain."