Part 5/8:
The implications of such a drastic drop in battery prices are monumental. Current prices hover around $85 per kilowatt-hour; a fall to $10 would render internal combustion engines all but obsolete. This reality is supported by Clean Energy Associates, which forecasts that battery pack prices for larger capacities could fall to around $45,000 for 100 kWh packs—substantially cheaper than many engine replacements today.