Why are Tesla batteries so expensive?

The demand for Tesla cars is high and the company has not been able to keep up with production, leading to a waitlist of vehicles on backorder. … In addition to high demand, the other reason for Tesla cars’ high price is the high cost of the electric battery packs that supply the vehicles with power.

Are electric car batteries getting cheaper?

Battery prices are one of the biggest costs for electric cars, but that cost has plummeted over the past decade. The price of a lithium-ion battery pack has fallen 89% in real terms from more than $1,100/kWh in 2010 to $137/kWh in 2020, according to the latest forecast from BloombergNEF (BNEF).

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