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Consortium seeks to show total cost of EVs can be less than combustion engine reference car

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Michelin and Siemens, in cooperation with research partners at Karlsruhe Institute of Technology (KIT) and the Fraunhofer Institute for Systems and Innovation Research ISI, are launching a project to demonstrate that the total cost of electric vehicles can be less than that of a conventional combustion-engined car.

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DOE estimates EV battery pack costs in 2022 nearly 90% lower than in 2008

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The Department of Energy’s (DOE’s) Vehicle Technologies Office estimates the cost of an electric vehicle lithium-ion battery pack declined 89% between 2008 and 2022 (using 2022 constant dollars). The decline in cost is due to improvements in battery technologies and chemistries, and an increase in manufacturing volume.

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Kia to establish its first electric PBV plant in Korea

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Kia Corporation will establish a new manufacturing facility dedicated to producing electric Purpose Built Vehicles (PBVs). The ‘Forest’ part of the nomenclature refers to an ecosystem that harmonizes all these elements to function as one. million EVs a year globally by 2030, aiming for 12% of the global electric vehicle market.

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Albemarle to invest $1.3B in lithium hydroxide facility in South Carolina

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billion to help meet the surging demand for domestic and international electric vehicles and lithium-ion batteries. The term Mega-Flex refers to the facility’s ability to process diverse lithium feedstock, including lithium from recycled batteries. million electric vehicles annually.

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EPRI assesses status of 8 key power generation technologies for US; estimates of capital cost and levelized cost of electricity

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Comparative levelized cost of electricity in 2025 ($/MWh) at different CO 2 prices. For the report, central-station generation refers to >100 MW, with the exception of some renewable-resource-based technologies. Representative costs are reported in constant December 2010 US dollars. The capital cost learning curve.

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CMU researchers find controlled charging of PHEVs can cut cost of integration into electricity system by 54-73%; higher benefits with wind power

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In a new study published in the journal Applied Energy , Carnegie Mellon University (CMU) researchers found that controlled charging of plug-in hybrid electric vehicles (PHEVs) reduces the costs of integrating the vehicles into an electricity system by 54–73% depending on the scenario.

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EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

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The US Energy Information Administration (EIA) released its Reference case projections for US energy markets through 2035. The Reference case projections include only the effects of policies that have been implemented in law or final regulations. Use of renewable fuels and natural gas for electric power generation rises.

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