Long-term cost projections for solid-state batteries indicate significant potential for reduction as manufacturing scales up and technology improves. Here are some key insights:
- Current Costs (2024): Solid-state batteries currently cost between $400 and $800 per kWh, significantly higher than lithium-ion batteries, which range from $100 to $150 per kWh.
- Projected Costs by 2028: Nissan forecasts that the cost of solid-state batteries will decrease to about $75 per kWh by 2028, with further reductions to $65 per kWh in subsequent years.
- Future Projections (2030): Estimates suggest that by 2030, production costs could drop to between $75 and $100 per kWh, aligning solid-state batteries more closely with the cost trajectory of lithium-ion batteries.
These projections suggest that as production scales and manufacturing processes are optimized, solid-state batteries could become more competitive with traditional battery technologies, potentially displacing a significant portion of lithium-ion battery applications by 2030.
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