Source: MIT News
That broader analysis helps to define what may be possible in the future, he adds: “We’re saying that lithium-ion technologies might improve more quickly for certain applications than would be projected by just looking at one measure of performance. By looking at multiple measures, you get essentially a clearer picture of the improvement rate, and this suggests that they could maybe improve more rapidly for applications where the restrictions on mass and volume are relaxed.”
Trancik adds the new study can play an important role in energy-related policymaking. “Published data trends on the few clean technologies that have seen major cost reductions over time, wind, solar, and now lithium-ion batteries, tend to be referenced over and over again, and not only in academic papers but in policy documents and industry reports,” she says.
“Many important climate policy conclusions are based on these few trends. For this reason, it is important to get them right. There’s a real need to treat the data with care, and to raise our game overall in dealing with technology data and tracking these trends.””Battery costs determine price parity of electric vehicles with internal combustion engine vehicles,” says Venkat Viswanathan, an associate professor of mechanical engineering at Carnegie Mellon University, who was not associated with this work.
“Thus, projecting battery cost declines is probably one of the most critical challenges in ensuring an accurate understanding of adoption of electric vehicles.”Viswanathan adds that “the finding that cost declines may occur faster than previously thought will enable broader adoption, increasing volumes, and leading to further cost declines. … The datasets curated, analyzed and released with this paper will have a lasting impact on the community.”