Dr. Anderman’s report analyzes Tesla’s success to date and forecasts the impact it will have on automakers, battery producers, and the future of the EV industry. He concludes that Tesla’s Gigafactory will not cause prices of Li-ion batteries to drop before 2018, because these also depend on external factors such as demand and competing technologies. A pack cost much below $200/kWh is unlikely before 2020, Anderman concludes.