When Google introduced Google Drive to the public two years ago, it was one of the cheapest cloud-storage options available. Since then a few other options have appeared that have challenged Google on price. Well to combat that problem the Google Drive team announced today that the per user price of storage for Google Drive was being drastically lowered, effective immediately. Here’s some more information from the original post on the Google Drive blog:

We’ve lowered the price of our monthly storage plans to $1.99 for 100GB (previously $4.99), $9.99 for 1TB (previously $49.99), and $99.99 for 10TB, with even more storage available if you need it. How big is a terabyte anyway? Well, that’s enough storage for you to take a selfie twice a day for the next 200 years and still have room left over for… shall we say… less important things. Like before, storage continues to work across Drive, Gmail and Google+ Photos. And, of course, the 15GB plan remains free.

If you’re interested in signing up for one of the new plans you can do so here, or you can view your own account information here. This comes on the heels of the ‘Add-ons’ announcement for Google Docs and Sheets earlier this week, so lots of great news has been coming from the Drive team the past few days!