Electric car battery prices fell by 80% in the last 7 years

According to the study made by McKinsey, the cost of electric car batteries has decreased by 80% since 2010. Tesla offers much lower cost batteries. As electric cars become more widely used, drivers are expected to see lower prices for electric cars and lower charging costs, as well as increased awareness of climate-changing carbon-emissions-rich gasoline and diesel vehicles. The reduction in the production costs of electric cars is very important for both the company and the drivers because if the production costs are low, the drivers will have a low price electric cars and it will be easier to spread these vehicles.

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