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Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

The Dramatic Decline in Battery Costs The Energy Battery Pack in electric vehicles is a key component in storing the energy needed to power the vehicle’s electric motor. In 2008, the cost per kilowatt-hour (kWh) was $1,355, but by 2022, it had dropped to $153 per kWh. The good news is that things are starting to change.

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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.; and LG Chem-Compact Power Inc.

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Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

Strong income tax credits for the purchase of new diesel, hybrid, and plug-in hybrid vehicles are very expensive and essentially ineffective at reducing GHG emissions from transportation. million barrels per day, relative to 2008 levels. Second, the tax credits give a significant boost to diesel vehicles.

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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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Fixing the Federal EV Tax Credit Flaws: Redesigning the Vehicle Credit Formula

EV Adoption

The Qualified Plug-In Electric Drive Motor Vehicles (IRC 30D) tax credit – commonly referred to as the “Federal EV tax credit” has a number of flaws, but one of the biggest is the poorly-designed formula that determines the amount of the tax credit available for each BEV and PHEV sold in the US.

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Dassaults SVE to Combine with and Dow Kokam in Li-ion Battery Partnership for EVs

Green Car Congress

The Michigan Economic Growth Authority (MEGA) Board also approved a state tax credit valued at $44.6 million over 15 years and a battery cell tax credit valued at $100 million over four years for the joint venture. The Cleanova electric power unit, developed for SVE by partner TM4, is compact and efficient (>90%).

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Berkeley Lab report finds installed cost of solar PV systems in the US dropped sharply in 2010

Green Car Congress

W from 2008 to 2009, even though wholesale module prices dropped substantially over this period. Other sources of incentives, however, such as federal investment tax credits (ITCs) and the Treasury Grant Program, have become more significant. W in 2009, down by roughly 24 percent from 2008 levels. Darghouth, R.

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