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Battery prices have fallen dramatically over the past decade, from around $1,100 per kilowatt-hour in 2010 to below $150 per kilowatt-hour today. Many experts believe that when battery prices fall to around $100 per kilowatt-hour, electric cars will reach price parity with gas-powered vehicles without subsidies. This milestone is expected within the next few years, making new energy-electric cars more affordable for the average consumer.

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