Electric vehicle battery prices may soon stabilise, and as a result, some EVs would gain parity with ICE vehicles in price, according to Anand Kulkarni, the Chief Product Officer and the Head of High Voltage Programs at Tata Passenger Electric Mobility Ltd.
In an interview with the Times of India, Kulkarni pointed out a significant shift in battery prices over the past decade. He explained that from 2010 onwards, battery prices had experienced a remarkable reduction, plummeting from approximately $1,000 per kWh to their current status in the low three-digit range. This trend remained strong even during the pandemic.
