3. Inside the search for a better electric vehicle battery

Volume-weighted average lithium-ion battery <strong style="color: #e3b746;">pack</strong> and <strong style="color: #ff7900;">cell</strong> prices
Re-created from BloombergNEF; Chart: Axios Visuals

Battery technologies in development could open the door to widespread adoption of electric vehicles by cramming more energy into a cheaper, smaller package.

Why it matters: Consumers won't embrace electric vehicles until they cost about the same as (or less than) gasoline cars and provide a comparable driving range — around 300 miles between charges.

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