According to a new study, the cost of lithium-ion batteries- used to power phones, laptops and electric vehicles- has fallen by 97% over the past three decades, which has helped, and will continue to, drive clean-energy innovation.

What is Happening?

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Trancik adds, “I can’t overstate the importance of these trends in clean energy innovation for getting us to where we are right now, where it starts to look like we could see rapid electrification of vehicles and we are seeing the rapid growth of renewable energy technologies.”

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