Power batteries will soon fall below $100 per kWh, with a 2030 prospect of halving again, or even reaching as little as $30 per kWh, depending on which forecast you put credence in. That’s driven by quality improvements such as the adoption of LFP and cell-to-pack processes, with BYD and CATL already offering LFP batteries as low as $56 per kWh. That in turn has prompted Recurrent to observe that replacing an EV battery will finally become cost-effective – instead of being something done only under warranty and otherwise a significant cost almost equal to a fresh purchase (thanks to EV prices consistently declining). Depending on the specifics of the model and market, this will be achieved ahead of 2030…