An Evaluation of Current and Future Costs for Lithium-Ion Batteries for Use in Electrified Vehicle Powertrains
Date
2009-04-24
Author
Advisor
Patino-Echeverri, Dalia
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Abstract
Powertrain electrification is a concept which encompasses hybrid-electric vehicles
(HEVs), plug-in hybrid-electric vehicles (PHEVs), and pure electric vehicles (EVs).
Such vehicles have received attention recently as a potential solution for reducing
the carbon intensity of the transportation sector. The fundamental challenge to the
commercial success of electrified vehicles is energy storage. Consensus in the automotive
industry is that lithium-ion (Li-ion) batteries are the most likely candidate for
overcoming this challenge in the next decade. However, these batteries must meet five
categories of goals in order for them to enable the success of electrified vehicles:
energy, power, lifetime, safety, and cost.
Of these five goals, cost may be the most uncertain, and perhaps the most critical.
This research examines the primary cost drivers for automotive Li-ion batteries at
the cell-, module-, and pack-level. It then investigates how these costs may change
over the next two decades, and what impact this may have on the cost-competitiveness
of electrified vehicles. This is accomplished through the development of a bottom-up
cost model that considers the materials cost, manufacturing cost, and other costs
such as corporate overhead and research and development that contribute to overall
Li-ion battery costs. Two scenarios of how these costs may change are developed: an
optimistic case and a pessimistic case. Additionally, the level to which battery costs
must decline in order for vehicles of varying levels of powertrain electrification
to become economically competitive with their conventional internal combustion engine
counterparts is calculated.
Results indicate that the primary cost drivers for Li-ion batteries at the pack-level
are cell-level materials cost and manufacturing yields. Improvements in these areas
will be key drivers for reductions in overall battery costs, and may make electrified
vehicles cost-competitive with conventional automobiles. However, this cost-competitiveness
is highly sensitive to fuel prices. Various policy and market mechanisms can significantly
impact the economic viability of electrified vehicles and influence the rate at which
they are adopted.
Type
Master's projectPermalink
https://hdl.handle.net/10161/1007Citation
Anderson, David (2009). An Evaluation of Current and Future Costs for Lithium-Ion Batteries for Use in Electrified
Vehicle Powertrains. Master's project, Duke University. Retrieved from https://hdl.handle.net/10161/1007.Collections
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