There’s something that’s often lost in discussions about tech adoption trends, and in particular when it comes to something we cover a lot, electric vehicle sales trends: it’s not a straight, consistent line upward. There are ups and downs. When adoption jumps up fast, those of us bullish on the … [continued]
A new nickel-rich, single-crystal battery technology is on track for rapid deployment A seemingly simple shift in lithium-ion battery manufacturing could pay big dividends, improving electric vehicles’ (EV) ability to store more energy per charge and to withstand more charging cycles, according to new research led by the Department of … [continued]
The third report of the X-Change series was produced by RMI in partnership with the Bezos Earth Fund and is a contribution to Systems Change Lab. These reports analyze the exponential growth of renewable energy technologies, demonstrating why and how major areas of the global energy system are achieving faster change than many … [continued]
Thanks to a variety of factors, lithium-ion battery packs are at record low prices. After dropping 14%, they are down to $139/kWh. The steep price drop and record low average price come on the heels of price increases in 2022 that had brought battery prices back to 2020 levels. The … [continued]
The main barrier to widespread EV adoption, from a car buyer’s standpoint, is a very simple one: they cost more to buy than legacy vehicles. On a total cost of ownership basis, owning an EV is often actually cheaper than owning a gas-burner, as numerous studies have demonstrated (Would you … [continued]
The Department of Energy’s (DOE’s) Vehicle Technologies Office estimates the cost of an electric vehicle lithium-ion battery pack declined 89% between 2008 and 2022 (using 2022 constant dollars). The 2022 estimate is $153/kWh on a usable-energy basis for production at scale of at least 100,000 units per year. That compares … [continued]
The long-awaited price parity in upfront purchase price for electric vehicles seems to have moved further away, as raw material input prices for batteries continue to rise. EV owners know that if you take a total cost of ownership approach, EVs are almost free cars. However, most purchasers would prefer … [continued]
The electric vehicle market has transformed immensely in the past dozen years. Most of that transformation comes down to one thing: dropping battery prices. As battery prices have come down, various electric vehicle models have gotten more range for the same price, and many more models have come to market … [continued]
A research team at the Massachusetts Institute of Technology (MIT) has taken a deep dive look into lithium-ion battery costs. Grab your wetsuit and gear — we’re about to join them. To start with, Twitter user @facts_tesla shared a thread detailing some of the key findings of that study. MIT … [continued]
The IEA estimates the cost of an automotive EV battery pack was $293.4/kWh in 2016 but $156/kWh in 2019. Assuming the cost dropped a bit more in 2020, we’re sitting at a battery cost of about 50% of a 2016 EV battery’s cost.
