The 2024 Transportation Annual Technology Baseline (ATB) provides detailed cost and performance data, estimates, and assumptions for vehicle and fuel technologies in the United States.
Figure ES-2 shows the overall capital cost for a 4-hour battery system based on those projections, with storage costs of $245/kWh, $326/kWh, and $403/kWh in 2030 and $159/kWh, $226/kWh, and $348/kWh in 2050.
How much does a battery pack cost?
Lawrence erkeley National Laboratory recently published a paper citing $135/kWh (“realizable when procured at scale”) as the baseline battery pack cost for evaluating TCO for Class 8 electric trucks,37with $60/kWh as a possible pack cost by 2030.
Are battery storage costs based on long-term planning models?
Battery storage costs have evolved rapidly over the past several years, necessitating an update to storage cost projections used in long-term planning models and other activities. This work documents the development of these projections, which are based on recent publications of storage costs.
Can battery-electric trucks reduce energy use in the transportation sector?
Battery-electric trucks are not the only promising solution to reducing energy use in the transportation sector: Hydrogen fuel cell, biodiesel, and renewable diesel technologies will likely also play a role in helping slash the 20% of harmful transportation emissions produced by trucks.
What are the key enablers of commercial vehicle battery cost?
While battery cost is a dominant factor on these questions, other key enablers (or hurdles) include commercial EV charging infrastructure, domestic battery production capacity for the truck market, EV range, grid stability, and others. Commercial Vehicle Battery Cost Assessment – Industry Report, June 2021 16 Key Cost Factors
Do projected cost reductions for battery storage vary over time?
The suite of publications demonstrates wide variation in projected cost reductions for battery storage over time. Figure ES-1 shows the suite of projected cost reductions (on a normalized basis) collected from the literature (shown in gray) as well as the low, mid, and high cost projections developed in this work (shown in black).