{"id":188486,"date":"2024-05-01T14:23:57","date_gmt":"2024-05-01T19:23:57","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2024\/05\/china-battery-price-war-could-soon-make-electric-cars-cheaper-heres-how"},"modified":"2024-05-01T14:23:57","modified_gmt":"2024-05-01T19:23:57","slug":"china-battery-price-war-could-soon-make-electric-cars-cheaper-heres-how","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2024\/05\/china-battery-price-war-could-soon-make-electric-cars-cheaper-heres-how","title":{"rendered":"China battery price war could soon make electric cars cheaper. Here\u2019s how"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/china-battery-price-war-could-soon-make-electric-cars-cheaper-heres-how3.jpg\"><\/a><\/p>\n<p>The main cost of an electric vehicle (EV) is its battery. The high cost of energy-dense batteries has meant EVs have long been more expensive than their fossil fuel equivalents.<\/p>\n<p>But this could change faster than we thought. The world\u2019s largest maker of batteries for electric cars, China\u2019s CATL, claims it will slash the cost of its batteries by up to 50% this year, as a <a href=\"https:\/\/cnevpost.com\/2024\/01\/17\/battery-price-war-catl-byd-costs-down\/\">price war kicks off<\/a> with the second largest maker in China, BYD subsidiary FinDreams.<\/p>\n<p>What\u2019s behind this? After the electric vehicle industry experienced a <a href=\"https:\/\/www.iea.org\/reports\/global-ev-outlook-2023\/trends-in-batteries\">huge surge<\/a> in 2022, it has hit headwinds. It <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/industry-pain-abounds-electric-car-demand-hits-slowdown-2024-01-30\/\">ramped up faster<\/a> than demand, triggering efforts to cut costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The main cost of an electric vehicle (EV) is its battery. The high cost of energy-dense batteries has meant EVs have long been more expensive than their fossil fuel equivalents. But this could change faster than we thought. The world\u2019s largest maker of batteries for electric cars, China\u2019s CATL, claims it will slash the cost [\u2026]<\/p>\n","protected":false},"author":367,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1497,17,1491],"tags":[],"class_list":["post-188486","post","type-post","status-publish","format-standard","hentry","category-energy","category-sustainability","category-transportation"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/188486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/367"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=188486"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/188486\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=188486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=188486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=188486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}