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DOE estimates EV battery pack costs in 2022 nearly 90% lower than in 2008

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The Department of Energy’s (DOE’s) Vehicle Technologies Office estimates the cost of an electric vehicle lithium-ion battery pack declined 89% between 2008 and 2022 (using 2022 constant dollars). The decline in cost is due to improvements in battery technologies and chemistries, and an increase in manufacturing volume.

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

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The estimated total cost of settlements is $0.8 billion, in line with financial charge taken for this purpose in third-quarter, 2018. Environmental Protection Agency (EPA) performed enhanced screening on diesel vehicles sold by all manufacturers. FCA US has also settled a putative class action on behalf of private consumers.

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KIT seeking to halve manufacturing costs of batteries and electric powertrains

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Costs of manufacturing batteries and electric powertrains can be halved by 2018, if the gaps in the innovation chain can be closed, according to researchers at Germany’s Karlsruhe Institute of Technology (KIT).

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DOE: cobalt is the most expensive material used in lithium-ion battery cathodes

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Aside from the lithium needed to produce modern lithium-ion batteries, much attention is focused on the cost of the materials used for EV battery cathode production. Cobalt is an important ingredient in lithium-ion battery cathode production, accounting for about a quarter of the cost of the battery. Source: DOE. 202103050.

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SolarEdge, Kokam open 2GWh cell plant in South Korea

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SolarEdge Technologies and SolarEdge’s subsidiary, Kokam Limited Company, a provider of lithium-ion batteries and integrated energy storage solutions, announced the opening of “Sella 2”, a two gigawatt-hour (GWh) battery cell manufacturing facility.

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Market Update: How Battery Pack Costs Declined Since 2008

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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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T&E: Electric bus orders in Europe more than doubled to 1,031 units in 2017; ~9% share of new registrations

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T&E estimates this to be equivalent to around 9% market share of new registrations in 2018. The are currently about 1,600 electric buses are on European roads, with another 1,600 on order (as of mid-2018). Nearly half of delivered and ordered electric buses come from three manufacturers: BYD: 600 units sold and a 20% market share.

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