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Falling Battery Prices Could Accelerate EV Uptake

Electric vehicle battery prices have plummeted to record lows in recent months, creating conditions that could dramatically accelerate EV adoption across global markets. According to industry data, lithium-ion battery costs for the vehicle sector recently reached approximately $57 for a kilowatt-hour of LFP battery chemistry and $61 for a kWh of NMC chemistry. 

As battery prices continue to drop even further, one can only imagine how the future EV models from manufacturers like Bollinger Innovations, Inc. (NASDAQ: BINI) will be a far cry from the…

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