PrivCo Logo

EV Battery Prices Are On The Rise

EV Battery Prices Are On The Rise
December 1, 2021

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
If you have friends who would enjoy reading this newsletter, please forward this email to them.

The climate crisis will reach an inflection point when the cost of using sustainable solutions is equivalent or less than the cost of carbon-emitting ones. Startups in every industry within climatetech are racing to make this idea a reality. The area of electric vehicles has seen sustained cost improvements since 2010; the price per kilowatt or kWk prices has dropped from $1,220 to $132. But that decline is facing its first increase since 2010 with an anticipated $3 rise in 2022.

What are the factors that are contributing to this rise? In short, the same ones that are creating rising prices across industries: raw material costs and supply constraints. The raw materials required to create EV batteries – lithium, cobalt, and nickel – are up. Lithium carbonate alone has gone up 400% in the last year alone. Then, with demand for EVs and energy storage on the rise, are ticking prices skyward. The inflection point for EV battery prices to become competitive with gas-powered vehicles is about $100/kWh. The increase brings us $35 away from the goal and pushes the timeline back about two years. So far, it appears the automakers will be the ones to bear the burden of this price increase.

For recent fundings in the space, check out our funding advanced search and filter by keyword “Electric Vehicle."

Sign up today for 15% off using promo code : HOLIDAY21
Ghost kitchen slowdown
Local regulations and higher costs are among the challenges
[WSJ]
NYC goes the full mandate
Mayor imposes vaccine mandate for NYC private companies
[NPR]
Since last week, PrivCo has added:

165 Companies | 103 Funding Activities | 24 M&A Deals

Looking for data integrations? Contact us today


.

Funding & Deal Highlights:
 

YipitData raises $475MM from Carlyle Group

Data Analytics • Round E • New York, NY
 

Incode Technologies raises $220MM from Softbank

Biometrics • Equity • San Francisco, CA
 

The Every Co. receives $110MM from McWin

Alt Protein • Round C • San Francisco, CA
 

Heap raises $110MM from Sixth Street

Analytics • Round D • Menlo Park, California
 

Anyscale raises $100MM from Andreessen Horowitz

App Development • Round C • San Francisco
 

Liqid raises $100MM from Lightrock

Infrastructure • Round C • Lafayette, Colorado
 

Everyphone raises $200MM from Cadence Growth Capital

Technology Hardware • Round C • Berlin, Germany
 

IronScales raises $64MM from PSG

E-Learning • Round C • Atlanta, Georgia
 

Intellihot raises $50MM from Aegon

Manufacturing • Equity • Galesburg, Illinois
 

Marketplacer raises $60MM from Acorn Capital

E-Commerce • Equity • South Melbourne, Victoria

Forward to a Friend Forward to a Friend
Not a subscriber yet? Sign up here!
Have an interesting topic you want us to include. Let us know!
Website
Twitter
LinkedIn
Copyright © 2021 PrivCo Media, LLC. All Rights Reserved.
Unsubscribe | PrivCo.com | Contact Us
PrivCo Logo

Company

HomeSign inContactPricing

Links

SupportFeedbackMedia InquiriesPartnership Inquiries