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BloombergNEF annual battery price survey finds prices fell 6% from 2020 to 2021

Green Car Congress

Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, according to a new report from BloombergNEF (BNEF). All prices are in real 2021 $, unless stated as nominal.) At the cell level, average BEV prices were just $97/kWh.

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Ford Plans Affordable EV Models and Promises Profitability

The Truth About Cars

CEO Jim Farley recently confirmed that the company would purse sub-$30,000 electric models with its next-generation product line, and said that its existing models would become better in the meantime. CEO optimism is nothing new, as it’s often the only thing propping up companies’ stock prices.

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Lightyear halts production of high-end model to develop more affordable Lightyear 2

Electric Cars Report

Dutch high-tech company Lightyear announced on Monday that it will stop production of the Lightyear 0 solar electric car. The company has decided to redirect its attention to the development and release of the more affordable Lightyear 2 solar EV, set to release in 2025 with a price tag below €40,000.

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Volkswagen ID.2all concept previews affordable compact EV

Green Car Reports

Volkswagen on Wednesday unveiled a concept car providing the first real look at a promised affordable EV due to be unveiled for the European market in 2025. 2all concept previews a future production model that will have a base price of 25,000 euros (about $26,500 at today's exchange rates) and will utilize a new variant of the.

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Tesla price target reduced by Wells Fargo over reduced production outlook

Teslarati

Wells Fargo lowered its Tesla (TSLA) price target from $260 to $250 based on its lowered production outlook. Wells Fargo analyst Colin Langan also expressed concerns over Tesla’s decreasing prices and profits. Langan expressed concerns about Tesla decreasing prices to hit its 1.8 million guidance in 2023.

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Tesla Finally Appears to Make Moves Toward Building Affordable EV Model

The Truth About Cars

The long-rumored affordable, entry-level Tesla is almost here – maybe. Tesla reportedly alerted suppliers that it would start building a mass-market compact crossover in the middle of 2025, which would become one of the most affordable electric models on sale if it becomes a reality.

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Is Hyundai’s IONIQ 6 the ultimate EV? Fast charging, long-range, and affordable price

Baua Electric

According to a new report, the Hyundai IONIQ 6 is the only EV on the market offering fast charging in under 20 minutes, over 350 miles range, and at an affordable starting price. And you get all of this starting at an affordable starting price of as little as $38,650. 361 $43,656 SEL RWD 77.4 305 $46,365 Limited RWD 77.4