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EV battery cost soared in 2022, hampering EV affordability

Green Car Reports

EV battery costs have soared in 2022 due to rising raw material and battery component prices, according to a Bloomberg New Energy Finance (BNEF) report. The volume-weighted average for lithium-ion battery pack prices reached $151/kwh this year, a 7% increase over 2021, according to the report.

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EV battery pack prices fell 13% in 2020, some are already below $100/kwh

Green Car Reports

Electric-car battery-pack prices have fallen 13% in 2020, in some cases reaching a crucial milestone for affordability, according to an annual report released Wednesday by Bloomberg New Energy Finance (BNEF).

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Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Baua Electric

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. Hyundai, Kia top Ford, GM in EV sales with affordability After the IONIQ 5 was the sixth best-selling EV in the US last year with nearly 34,000 units sold, Hyundai (and Kia) are starting the year strong in the US. 361 $43,656 SEL RWD 77.4

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VinFast lands record orders for VF3 EV in its home country

Teslarati

Its introductory pricing also managed to attract buyers from all corners of the country, as VinFast launched two price points. One includes a battery subscription, which allows owners to pay more or less based on their range needs. This was something the company adjusted with its VF 8 and VF9 models by increasing prices.

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Electric Vehicle Spotlight: Financing Chevrolet Equinox EV

EV Life

Release Date: Fall 2023 Starting Price: $30,000 Chevrolet has become a pioneer in the electric vehicle market. Building on the success of the popular and affordable Bolt EV and Bolt EUV , the automaker has continued to expand its electric offerings to include EV versions of several of its most popular models. Range Horsepower (est.)

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Stellantis CEO: “Bloodbath” coming if EV makers follow Tesla and Musk in “race to the bottom”

Teslarati

While BYD exceeded Tesla in raw battery electric vehicle deliveries at the end of 2023, the American EV maker is still one of the world’s undisputed leaders in the electric vehicle sector. Elon Musk, for his part, has stated that Tesla would likely need to keep lowering its prices to ensure that customers could afford its vehicles.

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Electric Vehicle Spotlight: Financing a Chevrolet Bolt EUV

EV Life

Today, we’ll be taking a look at one of Chevy’s most popular, affordable, and revolutionary offerings, the Chevrolet Bolt EUV. 2023 Chevrolet Bolt EUV Pricing, Specs, and Performance The Bolt EUV offers a lot of bang for the buck, especially considering that Chevrolet knocked $6,300 off the starting MSRP in 2023. Clean Cars 4 All.