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Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

Let’s look at the advancements in battery cost reduction, navigate through supply chain complexities, and explore the promising prospects ahead for the EV market. In 2008, the cost per kilowatt-hour (kWh) was $1,355, but by 2022, it had dropped to $153 per kWh. But that doesn’t mean prices are set in stone.

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DOE: Adjusted for inflation, the price of gasoline in 2019 was similar to the price in 1929

Green Car Congress

From 2002 to 2008, the price of gasoline rose substantially, but then fell sharply in 2009 during the economic recession. Note: Retail price includes Federal and State Taxes. The graph below shows the effect of the oil embargo in the early 1980s.

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How crude-oil prices influence gasoline prices

Green Car Congress

The Energy Information Administration (EIA) estimates that in the United States from 2008 to 2017, crude oil represented only 61% of the retail price of gasoline. Refining costs and profits represented 12%, distribution and marketing costs 12%, and federal and state taxes 15%.

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Biodiesel Board Study Asserts Critical Importance of Biodiesel Tax Credit, Calls for Extension

Green Car Congress

The original biodiesel tax credit was passed in 2004 and has been extended twice. per gallon excise tax credit. The biodiesel tax incentive is designed in a manner that makes biodiesel price competitive with diesel fuel in the marketplace. Economic Impact of Eliminating the Biodiesel Tax Credit. billion gallons.

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EIA: More than 35% of natural gas produced in North Dakota is flared or otherwise not marketed due to infrastructure limitations

Green Car Congress

However, due to insufficient natural gas pipeline capacity and processing facilities in the Bakken shale region, more than 35% of North Dakota’s natural gas production so far in 2011 has been flared or otherwise not marketed, according to the US Energy Information Administration (EIA). Source: EIA. Click to enlarge. (It

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Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

Green Car Congress

US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. Nuclear was not included in the analysis.

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Tesla bulls respond to ‘The Big Short’ and his massive bet against the stock

Teslarati

Tesla ( NASDAQ: TSLA ) bulls are responding to “The Big Short” Michael Burry’s massive bet against the electric automaker’s stock, indicating that their beliefs don’t align with the man who correctly predicted the 2008 collapse of the housing crisis. They will likely get restarted again for Tesla owners.”