Determinants of lithium-ion battery technology cost decline
Micah S. Ziegler, Juhyun Song, Jessika E. Trancik
Abstract
We elucidate why lithium-ion battery costs declined. We disentangle cost change mechanisms and quantify their effects, and find that research and development, especially in chemistry and materials science, played an outsized role in cost reduction.
Topics & Concepts
Battery (electricity)Lithium (medication)Lithium-ion batteryCost reductionIonChemistryEnvironmental scienceBusinessThermodynamicsPhysicsPsychologyPower (physics)Organic chemistryPsychiatryMarketingAdvancements in Battery MaterialsAdvanced Battery Technologies ResearchAdvanced battery technologies research