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EV battery prices are coming down fast – the dawn of a new era

BloombergNEF, which provides energy research and information, predicts that the cost of EV high voltage batteries will continue to come down in the near future.
 
They predict that by 2025 the cost of the battery will only be about 20% of the cost of the entire vehicle. They also believe that even sooner, by 2022, EVs will become the cheaper option for car buyers. 
 
As a percentage of the cost of the vehicle, the price of high voltage batteries is dropping – in 2015 the battery cost amounted to 57% of the entire vehicle price, while this year it is down to 33% of the vehicle cost.
 
Pat’s Garage has been at the forefront of the hybrid / EV revolution. Long before Toyota offered a plugin-hybrid, Pat’s Garage was converting regular Prius hybrids to plug-in hybrids. We are also Fisker Karma and
Karma Revero Authorized Customer Support Program (CSP) provider. Karma is the groundbreaking sport EV vehicle that preceded Tesla. 
 
Our nationally ASE certified technicians are experts at hybrid and EV technology. We welcome the news that clean EV vehicles will soon be the norm on Bay Area roads. Should you have any questions concerning your hybrid or EV, do not hesitate to call us – we are happy to be of service. 
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