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Battery cost makes affordable Toyota EV unlikely, exec says

Green Car Reports

An entry-level Toyota EV is unlikely in the near future due to high battery costs, an executive said in a recently published interview with Autocar. Some automakers are launching small, affordable EVs for the European market, but Toyota currently has no plans to follow them, Andrea Carlucci, the automaker's European development boss, said.

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Honda CEO: Solid-state batteries may enable affordable small EV by 2030

Green Car Reports

Honda built its original reputation around affordable small cars like its Civic. Yet decades on, segueing into an era of EVs, it has no battery-electric equivalent to the Civic.

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Stellantis-CATL battery partnership seeks affordable EVs for Europe

Green Car Reports

Stellantis and battery supplier CATL on Tuesday signed a memorandum of understanding that could pave the way for more affordable EVs in Europe. The non-binding memorandum outlines the supply of lithium iron phosphate (LFP) battery cells and modules by CATL to Stellantis for European production within an unspecific timeframe.

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Battery cost makes affordable Toyota EV unlikely, exec says

Baua Electric

An entry-level Toyota EV is unlikely in the near future due to high battery costs, an executive said in a recently published interview with Autocar. Toyota Urban SUV Concept Carlucci’s statements regarding the state of EV affordability in Europe is similar to what Honda’s global CEO said just last week.

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Stellantis invests in affordable sodium-ion battery technology

Teslarati

Stellantis Ventures became a strategic investor of France-based Tiamat, which is developing and commercializing sodium-ion battery technology. Stellantis’ investment in Tiamat supports its goal to provide customers with clean, safe, and affordable mobility worldwide. Sodium is also available abundantly around the world.

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Ford pauses LFP battery factory touted as key for affordable EVs

Green Car Reports

million battery plant in Michigan that the automaker had focused on just months earlier as a key for EV affordability. The plant, near Marshall, Michigan, was due to create about 2,500 jobs and make lithium-iron-phosphate (LFP) batteries, which tend to be much cheaper to produce.

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Report: Hyundai is developing LFP batteries for affordable EVs

Green Car Reports

Hyundai is developing a new generation of lithium iron phosphate (LFP) batteries for affordable EVs, The Korea Herald reported this week.