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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.

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Congressionally-created Commission Recommends Mileage Tax Instead of Fuel Tax for Transportation Infrastructure Financing

Green Car Congress

Average annual capital needs and gap estimates, all levels of government, 2008-35 (in 2008 dollars). A bi-partisan Congressionally-created commission has recommended a shift from motor fuel taxes to direct fees charged to transportation infrastructure users—i.e., Click to enlarge.

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Republicans introduce bill that would hand US EV lead to China

Baua Electric

Republicans have introduced a bill to eliminate the US EV tax credit in the Inflation Reduction Act, with the effect of slowing US progress on EV manufacturing, thus handing the lead in EV manufacturing to China. These credits were an extension and expansion of the $7,500 EV tax credit first introduced in 2008.

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Under US pressure, Mexico refuses to offer incentives for Chinese EV makers – Charged EVs

Baua Electric

Since the 2008 advent of the Tesla Roadster (or since the 1996 debut of GM’s EV1?), it has been plain that electrification is the future of the auto industry. Now the US government is reportedly pressuring Mexico not to smooth the Chinese automakers’ path by offering incentives such as low-cost public land or tax breaks.

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Study shows bamboo ethanol in China technically and economically feasible, cost-competitive with gasoline

Green Car Congress

per gallon US) subsidy and fuel excise and value-added tax exemptions, and ( b ) a prospective future scenario with no form of government support measures. In 2011, China contributed 29% of world carbon dioxide emissions and therefore the country has a significant potential to influence the present and future global energy situation.

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Michigan Awards $543.5M in Tax Credits to Four Battery Makers, Who Announce Plans for $1.7B Investment in Li-ion Battery Plants in Michigan

Green Car Congress

million in tax credits to four battery companies announcing plans to invest more than $1.7 The four companies receiving the tax credits and announcing plant plans are Johnson Controls-Saft Advanced Power Solutions LLC; KD Advanced Battery Group LLC; A123Systems Inc.; The MEGA board approved a state tax credit valued at $44.6

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Study finds driving restriction policy in Beijing has short-term benefits, but almost half of regulated car owners break the rules

Green Car Congress

A case study of the impact of a driving restriction policy implemented in Beijing prior to the 2008 Olympics found short-term benefits, but also a pattern of rule-breaking and loss of those benefits over time, as residents adapted by changing travel times; buying a second car with a different license plate; or simply violating the rules.

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