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FCA US reaches settlements on diesel emissions at estimated cost of $800M

Green Car Congress

The estimated total cost of settlements is $0.8 billion, in line with financial charge taken for this purpose in third-quarter, 2018. FCA US will conduct an emissions recall to update emission control software in an estimated 100,000 model-year 2014-2016 Ram 1500 pickups and Jeep Grand Cherokee SUVs equipped with 3.0-liter

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DOE releases five-year strategic plan, 2014-2018; supporting “all of the above” energy strategy

Green Car Congress

The US Department of Energy (DOE) released its five-year 2014-2018 Strategic Plan. Launch geothermal “Play Fairway” analysis effort in FY 2014 and demonstrate the ability to develop a 5-megawatt greenfield Enhanced Geothermal Systems (EGS) reservoir by 2020. watt utility, $2.37/watt watt commercial, and $3.10/watt

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

During 2014, the global plug-in electric vehicle (PEV) industry is poised to grow by 86% and will surpass more than 346,000 new vehicles sold, according to a new white paper—“ Electric Vehicles: 10 Predictions for 2014 ”—published by Navigant Research. Automakers will push for changes in the California ZEV mandates.

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Roskill sees recovery in lithium industry, buoyed by demand from rechargeable battery applications

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In its new Lithium Outlook to 2030 report, Roskill notes that the prolonged downward trend for lithium compound and mineral concentrate prices has caused a difficult environment for many lithium producers since 2018. The continued decline has led to many lithium producers operating at below or close to marginal cost of production.

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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades. BNEF predicts that lithium-ion battery prices, already down by nearly 80% per megawatt-hour since 2010, will continue to tumble as electric vehicle manufacturing builds up through the 2020s.

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Obama Administration announces first fuel economy and GHG standards for medium- and heavy-duty vehicles

Green Car Congress

Under the new program, trucks and buses built in 2014 through 2018 will reduce oil consumption by a projected 530 million barrels and greenhouse gas (GHG) pollution by approximately 270 million metric tons. By the 2018 model year, the program is expected to achieve significant savings relative to current levels, across vehicle types.

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Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

The cost of battery packs has been a significant factor in the adoption of these technologies, and recent developments show that we’re moving in the right direction as prices drop. 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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