article thumbnail

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.

2008 52
article thumbnail

EIA: high prices for natural gas this winter as global consumption remains high and inventories low

Green Car Congress

The US Energy Information Administration (EIA) expects higher-than-average natural gas prices globally as demand remains high this winter in the United States, Europe, and Asia, and inventories remain low. That price will be the highest inflation-adjusted monthly average price since 2008.

Gas 150
article thumbnail

IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

Green Car Congress

Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. IHS Markit expects global GDP to grow by 3.4%

Oil 276
article thumbnail

New phase of globalization could undermine efforts to reduce CO2 emissions

Green Car Congress

A new study finds that the growth of carbon production from Chinese exports has slowed or reversed, reflecting a “new phase of globalization” between developing countries that could undermine international efforts to reduce emissions. The paper is published in Nature Communications. trillion) in 2014.

Global 170
article thumbnail

Global Bioenergies receives ?1M payment after improvements in bio-isobutene process

Green Car Congress

Global Bioenergies (GBE) received a payment of €1 million (US$1.2 million) from ADEM (French Environment & Energy Management Agency), which operates the Investissements d’Avenir (Investments in the Future) program on behalf of the French government. —Bernard Chaud, Director of Industrial Strategy at Global Bioenergies.

Global 170
article thumbnail

Global Bioenergies starts scale-up of its second process: renewable acetone and isopropanol

Green Car Congress

Global Bioenergies has started the scale-up phase of a process converting renewable resources into acetone and isopropanol. Founded in 2008, Global Bioenergies develops processes to convert renewable resources into fuels and materials. —Marc Delcourt, CEO of Global Bioenergies.

Renewable 150
article thumbnail

SK IE Technology to supply separators for EV batteries to Sunwoda

Green Car Congress

SK IE Technology (SKIET) signed an MOU with Sunwoda , the 9 th largest battery manufacturer in terms of global market share (according to SNE Research in 2022), to strengthen cooperation in supplying battery separators. Sunwoda, founded in 1997, began its EV battery business in 2008.

Supplies 199