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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. Historical data is an eye-opener.

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

During past eight years the number of plug-in electric vehicle models has increased from one to more than 20, battery costs have decreased 70%, and the number of electric vehicle charging stations has increased from less than 500 in 2008 to more than 16,000 today—a 40-fold increase. Duke Energy. Eversource Energy.

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Trump plans to gut EV policy: What it might mean for jobs, auto industry, made in America

Baua Electric

Today’s diversified multinational energy companies have invested deeply in solar panels, energy storage, and charging networks, with wells and refineries and combustion only part of the business. If Trump were seeing the industry as it were decades ago, he might have been startled to be reminded that today it’s complicated.