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Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

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. By keeping these manufacturing jobs in the U.S.,

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How crude-oil prices influence gasoline prices

Green Car Congress

The Energy Information Administration (EIA) estimates that in the United States from 2008 to 2017, crude oil represented only 61% of the retail price of gasoline. Refining costs and profits represented 12%, distribution and marketing costs 12%, and federal and state taxes 15%.

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MIT report finds China’s actions on climate change crucial; argues for global economy-wide greenhouse gas tax

Green Car Congress

The researchers argue for a global economy-wide greenhouse gas tax that spreads the burden of responsibility. The researchers tested various levels of emission reduction plans—a global carbon tax of $10, $30 or $50. The various taxes would slow warming to 3.5, we’re really being left behind.”.

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Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

Green Car Congress

US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. Nuclear was not included in the analysis.

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Drive Electric Earth Month Launches April 1 with 172 Events

Plug in America

With more EVs on the streets and new changes to the federal tax credit allowing for instant discounts at the dealership, we’ve seen more people curious about EVs and making the switch.” Plug In America, Electric Vehicle Association, Sierra Club, Drive Electric USA, and EVHybridNoire partnered to organize this year’s national campaign.

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Study shows bamboo ethanol in China technically and economically feasible, cost-competitive with gasoline

Green Car Congress

per gallon US) subsidy and fuel excise and value-added tax exemptions, and ( b ) a prospective future scenario with no form of government support measures. In 2009, the number of private cars owned in China exceeded the United States, resulting in it being the world’s largest auto market. million tons in 2008.

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USDA Long-Term Projections See Ongoing But Slower Growth in Corn Use for Ethanol

Green Car Congress

While expansion in the ethanol industry will continue over the next ten years, there will be slower growth for corn-based ethanol, largely reflecting moderate growth in overall gasoline consumption in the United States, according to the US Department of Agriculture’s (USDA) Long-Term Agricultural Projections released on 12 Feb.