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Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

Electric vehicles, renewable energy systems, and grid energy storage all rely on efficient and affordable energy storage solutions, primarily lithium-ion batteries. Let’s look at the advancements in battery cost reduction, navigate through supply chain complexities, and explore the promising prospects ahead for the EV market.

2008 52
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UPS to invest $130M in > 700 natural gas vehicles and infrastructure; > $1B invested in alt fuels since 2008

Green Car Congress

UPS plans to build an additional five compressed natural gas (CNG) fueling stations and add more than 700 new CNG vehicles including 400 semi-tractors and 330 terminal trucks. UPS will have invested more than $1 billion in alternative fuel and advanced technology vehicles and fueling stations from 2008 through 2018.

2008 170
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Siemens Energy secures 50 MW electrolyzer order from European Energy for first large-scale eMethanol project

Green Car Congress

Through the nearby 300 MW solar park of Kassø, developed by European Energy, the project will have access to the low-cost renewable electricity needed to produce cost-effective e-Fuel. For comparison: This is more than five times the total electricity consumption of Germany.

Energy 370
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Proterra and Komatsu collaborate to electrify underground mining machines

Green Car Congress

The two companies previously announced an agreement in which Proterra supplies its industry-leading battery systems to support Komatsu in electrifying its first medium-sized hydraulic excavators. Earlier post.). A Komatsu underground drill with Proterra batteries.

2008 273
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Fossil Fuel Production Up in 2008 Despite Recession

Green Car Congress

World production of fossil fuels—oil, coal, and natural gas—increased 2.9% in 2008 to reach 27.4 In the first half of the year, producers strained to meet global demand, but when the recession took hold later in the year the market was swamped by excess supply. million barrels per day (Mbpd) in 2008, up from 1.0

2008 150
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Nippon Steel to invest in Canadian coal company; steelmaking coal offtake agreement

Green Car Congress

Nippon Steel and EVR have agreed that concurrently with the completion of the Investment, they will enter into long-term coal offtake rights agreement, under which EVR will supply steelmaking coal to Nippon Steel.

Coal 273
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Draft of EPA Greenhouse Gas Inventory Shows Overall GHG Emissions Down By 2.9% in 2008; Transportation Emissions Down 5.7% in Largest Annual Change Recorded Since 1990

Green Car Congress

CO 2 emissions from the US transport sector, 1990-2008. The draft report of the US Environmental Protection Agency (EPA)’s annual Inventory of US Greenhouse Gas Emissions and Sinks: 1990-2008 shows that in 2008, overall greenhouse gas (GHGs) emissions decreased by 2.9% (206.1 Tg CO 2 in 2008 from 1,893.8

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