Costs of replacing a car battery are expected to fall significantly in the next decade, according to a new study by Car Battery Research.
In a report to the National Energy Commission (NEC) on Friday, the group said that the replacement of a vehicle’s battery could reduce CO2 emissions by a factor of 10.
In 2016, the cost of replacing an internal combustion engine battery at the end of life (EELV) in Australia was $17,000, the NEC said.
That figure dropped to $14,000 in 2017, but the figure could rise by 20 per cent or more in the coming years.
The report said the cost would be around $3,000 to $4,000 per kilowatt-hour (kWh) of power output, or less than 10 cents per kilogram.
“A typical battery can last between 12 and 20 years, but as the technology continues to advance and the technology gets cheaper, the price of batteries will continue to fall,” it said.
“There is a real need for the batteries that are in place today to last for many years to come.”
The only way we can ensure that these batteries are available is to replace them at the time of the battery’s lifespan.
“The cost of a battery could also decrease if it is replaced on the day of a disaster, and the energy that the batteries store can be released during the event, the report said.
A new study conducted by Car battery Research shows that replacing the internal combustion battery could save the equivalent of 3.5 million tonnes of CO2, or almost one tonne of CO₂ per year.
In total, it found that the cost for replacing an EELV battery could fall to about $7,000.”
This is a significant cost savings, but is not as large as it could be for most scenarios,” the report read.
The group also noted that there are currently around 300,000 people employed in battery manufacturing in Australia.
The organisation said that an EEV battery is typically manufactured in a plant in the United States, and it is hoped that the technology will be used in a new generation of vehicles in the future.”
While the manufacturing cost of batteries is likely to fall over time, the EEV technology is still the leading candidate for the replacement cycle for battery replacement in vehicles,” it added.
The research group said it expects the cost to fall further as the battery technology matures.”EELVs will become the largest category of battery for the automotive industry by 2020, and a significant amount of battery production will occur in China,” it stated.”
We believe that by 2020 the cost per kiloelectric capacity will fall to the equivalent cost of battery cells in the US.