Part 8/11:
Since 2008, the cost of batteries has fallen dramatically, making electric vehicles and stationary storage solutions increasingly affordable. While recent market pressures have caused batteries to become temporarily more expensive—due to increased raw material demand—long-term trends predict continuing cost reductions.
Elon Musk emphasized that, like electric vehicles a decade ago, the advent and expansion of Mega Packs at scale parallel the early days of EV adoption. This creates a strategic window for utility companies and investors to position themselves ahead of further cost decreases and burgeoning market demand.