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Cost Projection of State of the Art Lithium-Ion Batteries for Electric Vehicles Up to 2030

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TLDR
In this paper, the authors predict the cost of a battery pack in 2030 when considering two aspects: firstly a decade of research will ensure an improvement in material sciences altering a battery's chemical composition.
Abstract
The negative impact of the automotive industry on climate change can be tackled by changing from fossil driven vehicles towards battery electric vehicles with no tailpipe emissions. However their adoption mainly depends on the willingness to pay for the extra cost of the traction battery. The goal of this paper is to predict the cost of a battery pack in 2030 when considering two aspects: firstly a decade of research will ensure an improvement in material sciences altering a battery’s chemical composition. Secondly by considering the price erosion due to the production cost optimization, by maturing of the market and by evolving towards to a mass-manufacturing situation. The cost of a lithium Nickel Manganese Cobalt Oxide (NMC) battery (Cathode: NMC 6:2:2 ; Anode: graphite) as well as silicon based lithium-ion battery (Cathode: NMC 6:2:2 ; Anode: silicon alloy), expected to be on the market in 10 years, will be predicted to tackle the first aspect. The second aspect will be considered by combining process-based cost calculations with learning curves, which takes the increasing battery market into account. The 100 dollar/kWh sales barrier will be reached respectively between 2020-2025 for silicon based lithium-ion batteries and 2025–2030 for NMC batteries, which will give a boost to global electric vehicle adoption.

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Citations
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A review of state of health and remaining useful life estimation methods for lithium-ion battery in electric vehicles: Challenges and recommendations

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Designing principle for Ni-rich cathode materials with high energy density for practical applications

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Alternative binders for sustainable electrochemical energy storage – the transition to aqueous electrode processing and bio-derived polymers

TL;DR: A review of the most recent developments in the field of green binders for batteries and supercapacitors can be found in this paper, where the authors discuss how they could decrease cost and environmental impact, and yet improve the performance of electrochemical energy devices.
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Stretchable electrochemical energy storage devices

TL;DR: This review provides an overview of the general operating principles of batteries and supercapacitors and the requirements to make these devices stretchable and an in-depth analysis of different strategies to convert the conventionally rigid electrochemical energy storage materials into stretchable form factors.
References
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Journal ArticleDOI

Li-ion battery materials: present and future

TL;DR: In this article, a review of the key technological developments and scientific challenges for a broad range of Li-ion battery electrodes is presented, and the potential/capacity plots are used to compare many families of suitable materials.
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Lithium metal anodes for rechargeable batteries

TL;DR: In this article, various factors that affect the morphology and Coulombic efficiency of Li metal anodes have been analyzed, and the results obtained by modelling of Li dendrite growth have also been reviewed.
Journal ArticleDOI

Rapidly falling costs of battery packs for electric vehicles

TL;DR: In this article, a systematic analysis reveals a steep decline in the costs of battery packs for electric vehicles, with market-leading manufacturers setting the pace with market leader Tesla and its suppliers.
Journal ArticleDOI

Simulation and Optimization of the Dual Lithium Ion Insertion Cell

TL;DR: In this article, the galvanostatic charge and discharge of a dual lithium ion insertion (rocking chair) cell are modeled with concentrated solution theory, and the insertion of lithium into and out of active electrode material is simulated using superposition, greatly simplifying the numerical calculations.
Journal ArticleDOI

Recent developments in cathode materials for lithium ion batteries

TL;DR: In this paper, the performance characteristics of transition metal oxides based on the α-NaFeO 2, spinel and olivine structures have been compared and approaches for improving their performances have been proposed.
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The 100 dollar/kWh sales barrier will be reached respectively between 2020-2025 for silicon based lithium-ion batteries and 2025–2030 for NMC batteries, which will give a boost to global electric vehicle adoption.