Part 10/12:
Evolving Battery Economics and Market Outlook
The overall outlook remains cautiously optimistic. Although industry breakthroughs like CATL’s M3P batteries show promise, mass production and cost reduction are still hurdles to clear. Many previous battery innovations have been announced but not scaled into commercial EVs, leading to skepticism.
However, existing technological momentum, combined with China’s vast manufacturing capacity and the decreasing costs for raw materials like lithium, suggests that battery prices will continue to decline, fostering increased affordability for EVs worldwide.