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In a social media post by BloombergNEF, they stated that a battery price survey showed that battery prices have dropped 85%, since 2010, to $176/kWh. According to the chart, in just the last year prices have dropped 18%, from $214/kWh, in 2017. BloombergNEF attributes the reduction in costs to “higher energy density at the cathode material, cell & pack level.”