Google Drive slashes cloud storage pricing

Google has dropped the monthly prices for cloud storage on its Drive service.

Google Drive just got a lot more competitive. The web giant has announced that it has drastically dropped the prices on its monthly cloud storage plans.

The new pricing is as follows:

• 100GB: formerly US$4.99/month, now US$1.99/month

• 1TB: formerly US$49.99/month, now US$9.99/month

• 10TB: formerly US$399.99/month for 8TB, now US$99.99/month for 10TB

The maximum size for files not converted to the Google Docs format is also now 1TB, and users of Gmail, Google Drive and Google+ Photos can continue to use up to 15GB free.

"Having launched Google Drive just two years ago, we're excited that so many people are now using it as their go-to place for keeping all their files," Google's Scot Johnson wrote in a blog post. "Whether it's all the footage of your kids' baseball games, the novel you're working on, or even just your grocery list for the week, we all have files that are too important to lose. Today, thanks to a number of recent infrastructure improvements, we're able to make it more affordable for you to keep everything safe and easy to reach on any device, from anywhere."

All users who were already using Google's monthly Drive service will automatically be updated to the cheaper plans. Alternatively, if the plans sound attractive enough to entice you over, you can jump aboard on the Google Drive storage subscription page.