Tech Costs Declining
The cluster focuses on the expectation that costs of new technologies decrease over time due to innovation, economies of scale, widespread adoption, and commoditization, with examples like solar panels and batteries.
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The cost will decrease over time, just like all tech.
New tech becomes cheaper when widely adopted. See: solar panels.
things should be getting cheaper with innovation and technology growth
This does not need to be expensive. I expect the price to drop down with economy of scale
Later models most likely cost less because the technology became more commoditized.
The hardware will get cheaper as more people will want it.
Given the improvement in technology, you would expect a decreased price in that case.
is the technology getting better or is the cost of production getting lower?
Technology gets cheaper (and more advanced/capable) over time.
That's generally how things with new tech. Initially expensive; it gets cheaper over time. Eventually patents run out and everybody gets in on the action.