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Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

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. In 2008, the cost per kilowatt-hour (kWh) was $1,355, but by 2022, it had dropped to $153 per kWh.

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Range Fuels Closes on $80M Loan Guaranteed by USDA for Cellulosic Biofuels Plant

Green Car Congress

The proceeds from the $80 million bond will be used to partially finance the first two phases of construction of Range Fuels’ first commercial cellulosic biofuels plant using renewable and sustainable supplies of non-food biomass near Soperton, Georgia.

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UT Austin to lead $58M study of methane hydrate in Gulf of Mexico; $41M from DOE

Green Car Congress

Hydrates have the potential to contribute to long-term energy supplies within the United States as well as abroad; many large global economies that lack clean and secure energy supplies have potentially enormous hydrate resources. Council of Canadian Academies (2008). Distribution of known methane hydrate accumulations.

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Abandoned History: The Apple Electric Car Project, Rest in Peace (2014-2024)

The Truth About Cars

Shortly thereafter an Apple board member stated Apple’s co-founder Steve Jobs (1955-2011) suggested the company could build an EV around the time Tesla arrived on the automotive scene in 2008. Wealthy investors, market analysts, and board members were all behind Apple’s development of an autonomous EV. News slowed between 2022 and this week.

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

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. Georgia Power. Southern Company: Georgia Power.

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President Joe Biden’s Tesla-void EV speech gave Ford too much credit [Opinion]

Teslarati

Two of the four vehicles I have owned have been Fords, the most recent being a 2008 Ford Escape Hybrid. That’s not going to help the American economy, nor will it supply U.S. Ford has a rich history when it comes to cars, and some of its vehicles are still the best and most popular on the market.

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