Battery-cost disparities will likely persist across the industry as electric commercial vehicle manufacturers continue to evolve and grow at different rates, according to a report released by Calstart.
Efforts to address cost and scale of batteries will be key for early-stage manufacturers to compete and successfully deliver products that meet fleets’ budgets. Therefore, purchase incentives and other policies are needed to help early-stage manufacturers and specific vehicle platforms while they are at sub-critical volumes, according to the report.
The report, authored by consulting firm Yunev, provides insight on the factors affecting battery costs for the U.S. commercial vehicle industry and offers an overview of the current state of battery sourcing and supply chain considerations.
Battery sourcing is a challenge for commercial vehicle OEMS due to lower volumes and scale. Truck OEMS are also competing with well-funded start-ups with access to the largest scale and lowest cost batteries in the passenger car electric vehicle market.
The key factors driving battery costs for medium- and heavy-duty electric vehicles are:
- Raw materials. Raw matericals account for roughly 70% of the total cost of battery cells. The majority of the cost is driven by the cathode and anode materials.
- Battery cell chemistry. Lithium titanate (LTO) has a distinct advantage in terms of its ability to accept high charge rates while also delivering long cycle life compared to lithium nickel...
Read Full Story: https://www.truckinginfo.com/10158572/key-factors-driving-the-commercial-ev-battery-market
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