Blink Charging

NOVEMBER 2, 2023

The US Department of Energy’s Vehicle Technologies Office reported a remarkable 89% decrease in the cost of electric vehicle lithium-ion battery packs between 2008 and 2022. In 2008, the cost per kilowatt-hour (kWh) was $1,355, but by 2022, it had dropped to $153 per kWh.

2008 52

2008 Market Lithium Ion Batteries 52

Green Car Congress

JULY 21, 2016

During past eight years the number of plug-in electric vehicle models has increased from one to more than 20, battery costs have decreased 70%, and the number of electric vehicle charging stations has increased from less than 500 in 2008 to more than 16,000 today—a 40-fold increase. Louisville Gas & Electric and Kentucky Utilities.

Obama 150

Obama Charging Financing DC 150

EV Connect

FEBRUARY 28, 2022

But, at this point, the only states that don’t have incentives to some degree are the Dakotas, Kansas, Kentucky and West Virginia. The important takeaways are as follows: The cost of EV batteries (which make up about 35% of the vehicle cost) has plummeted since 2008, from $1,200 per kilowatt hour to $157 per kilowatt hour.

Electric Vehicles 52

Electric Vehicles Market Vehicles West Virginia 52