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Battery prices fall as oil prices surge, EU EV transition debate enters new phase

As global average battery prices fall to $105 per kilowatt-hour and crude oil prices rise above $105 a barrel, debate in the European Union over easing internal combustion engine regulations is drawing renewed attention. An opinion piece said batteries can get cheaper with mass production and improved technology, while oil is vulnerable to geopolitical shocks. T&E estimated high oil prices added 55 billion euros in costs for European car users this year.