Bloomberg Expert Access: Colin McKerracher on the future of clean transport and energy storage
Bloomberg Professional Services
In this episode of Bloomberg Expert Access, a new series spotlighting the crucial work and industry impact of our research teams, Colin McKerracher, Head of Clean Transport and Energy Storage at BloombergNEF, discusses the future of the transport system, including decarbonization, and the advancements in lithium-ion batteries.
“One of the most interesting areas in my job, but also in the overall technology and energy sectors, is the rapid improvement in batteries, particularly lithium-ion batteries,” he says. “You’ve seem costs fall over 90% over the last decade. We’ve been tracking this data since 2010. There’s been this remarkable decline, and not only are prices going down, but the technology is still getting better and better… What we are seeing right now are the impacts of that rippling outwards across the automotive sector and the power sector.”