article thumbnail

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. In 2008, the cost per kilowatt-hour (kWh) was $1,355, but by 2022, it had dropped to $153 per kWh. The good news is that things are starting to change.

2008 52
article thumbnail

Michigan Awards $543.5M in Tax Credits to Four Battery Makers, Who Announce Plans for $1.7B Investment in Li-ion Battery Plants in Michigan

Green Car Congress

million in tax credits to four battery companies announcing plans to invest more than $1.7 billion in Li-ion manufacturing facilities in the state. The four companies receiving the tax credits and announcing plant plans are Johnson Controls-Saft Advanced Power Solutions LLC; KD Advanced Battery Group LLC; A123Systems Inc.;

article thumbnail

Dassaults SVE to Combine with and Dow Kokam in Li-ion Battery Partnership for EVs

Green Car Congress

In August, the US Department of Energy awarded Dow Kokam $161 million toward the production of manganese oxide cathode / graphite lithium-ion batteries for hybrid and electric vehicles in Michigan. The Michigan Economic Growth Authority (MEGA) Board also approved a state tax credit valued at $44.6 Earlier post.)

Li-ion 210
article thumbnail

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

DB has lowered its advanced lithium-ion battery cost projection by about 30% for 2012. In the US hybrids fell from about 3% of total sales in 2008-09 to 2.2% Increasing political animus towards the ethanol tax credit, which was “ begrudgingly renewed for one year in the lame-duck tax bill.”

article thumbnail

Easy as A123

Plug In Partners

A123Systems produces Nanophoshate based lithium ion batteries with a combination of power density, durability and safety in excess of anything mass produced on the market today. snip At an initial 40 mile module installed price of $10,000 supported with a $3500 tax credit , the payback period for a fleet owner with $3.00/gallon

ZENN 100
article thumbnail

News: 2025 Honda CR-V e:FCEV

Clean Fleet Report

A fairly conventional look Through a chemical process, the fuel cell uses hydrogen and oxygen to create electricity to power the motor and charge the lithium-ion battery. Both systems can power the car independently, so if either the electricity or hydrogen are low, you won’t be stuck on the side of the road.

Honda 70
article thumbnail

GM taps LG for Volt Battery

Revenge of the Electric Car

a Detroit-based subsidiary of LG Chem, to be supplier of the advanced lithium-ion batteries for the Volt (right) , which is scheduled to begin production in late 2010. Analysts have estimated that lithium-ion battery packs powerful enough to provide Volt-like performance could add as much as $10,000 to the price of a vehicle.

Volt 100