One report points out that the cost of battery technology decreased by 87% in 2019, and by 2023, it is estimated that average prices will be close to $100/kWh.
NYC Transit taps BAE Systems for Electric Hybrid Propulsion Systems
The Series-E systems will be produced at the company’s state-of-the-art manufacturing facilities in Endicott, N.Y., which provide more than 1,300 high-tech jobs in the state.