Affordable EVs Ahead? How Tumbling Battery Prices Could Rock the Market

Douglas McIntyre, editor-in-chief of Climate Crisis 24/7, discusses a Bloomberg study indicating a sharp decline in electric vehicle battery prices and highlights how this drop could pave the way for more-affordable EVs, potentially reaching the goal of a $25,000 sticker prices. Currently, high prices, limited range, tire wear and cold-weather charging challenges deter buyers, and if companies such as Tesla pass savings to consumers, the EV market could experience significant growth.