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Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

The cost of battery packs has been a significant factor in the adoption of these technologies, and recent developments show that we’re moving in the right direction as prices drop. 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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Berkeley Lab report finds installed cost of solar PV systems in the US dropped sharply in 2010

Green Car Congress

According to the report, the decline in PV installed costs seen by customer-owners of such systems in 2010 follows a significant drop in the wholesale cost for PV modules in 2009. As report co-author Galen Barbose explains, “ Based on our data, average installed costs held steady at $7.50/W W over the period from 1998 to 2007.

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Ford poll finds Europeans want freedom of car ownership, but worry about traffic, cost of driving, environment

Green Car Congress

A new Ford Motor Company-sponsored poll of 6,000 people across Europe found that most Europeans remain committed to car ownership, but have growing concerns about traffic congestion, the cost of driving and the environment. 120 vehicles, including 20 Ford S-MAX cars began daily field operational tests in Frankfurt in July 2012.

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DOE announces $60M to accelerate advanced vehicle technologies research

Green Car Congress

VTO-funded research has reduced the cost of advanced batteries by 75% since 2008, and nearly every plug-in electric vehicle (PEV) on the road today uses VTO-developed battery technology. DOE is working to lower the cost of the power electronics and motors in an EV to $7/kW by 2022 from $30/kW in 2012.

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New Report Concludes That Real Costs of Adapting to Climate Change Will Likely Be At Least 2-3X Greater Than Current Estimates

Green Car Congress

Scientists led by a former co-chair of the Intergovernmental Panel on Climate Change are warning warn that the UN negotiations aimed at tackling climate change are based on substantial underestimates of what it will cost to adapt to its impacts. But previous estimates of adaptation costs have substantially misjudged the scale of funds needed.

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U of Michigan Study Finds Costs of Plug-in Cars Primary Key to Broad Consumer Acceptance

Green Car Congress

A newly released University of Michigan study found widespread consumer interest in buying plug-in hybrid electric vehicles; however, the cost of the cars is much more influential than environmental and other non-economic factors as a predictor of purchase probabilities. per gallon) and then fell sharply during the period of data collection.

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EPA making $20M available for clean diesel projects

Green Car Congress

EPA will provide funding for: Verified Exhaust Control Technologies: up to 100% of the cost of eligible verified. Engine Upgrades: up to 50% of the cost of eligible engine upgrades. Verified/Certified Cleaner Fuel Use: the cost differential between the eligible cleaner fuels. EPA will fund up to 100% of the cost of verified.

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