Battery Learning Curves
A few months ago, I spent some time on trying to predict the changes in batteries over time. My aim was to estimate when electric cars would finally be as cheap or cheaper than internal combustion engine cars. However, my approach in that blog post was extremely naive since I didn't know about learning curves. Simply put, learning curves are a real world phenomenon where a good or service becomes consistently cheaper over time. As shown in the learning curve link, solar modules have gotten 99.6% cheaper since 1976. From $100 to about $0.3, that's almost 4 orders of magnitude!