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Boost Your Savings: Best US States for Electric Vehicle Incentives

Setec Powerr

Many states in the US offer various incentives to encourage the adoption of electric vehicles, making it more affordable for consumers to make the switch. Additionally, some Colorado utility companies offer discounted rates for electric vehicle charging during off-peak hours, helping to lower the overall cost of EV ownership.

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Rivian (RIVN) officially shuts down Normal EV plant for upgrades as R2 creates a buzz

Baua Electric

Rivian has already significantly reduced the cost of building each vehicle over the past year, but the EV maker expects the upgrades will “meaningfully reduce” material costs. Rivian R2 (Source: Rivian) Rivian revealed its smaller, more affordable R2 last month with a starting price tag of around $45,000.

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Elon Musk says Rivian’s priority should be solving financials ‘or they’re doomed’

Teslarati

Meanwhile, Rivian is fending off a struggling performance on the stock market, manufacturing growing pains, and figuring out affordability with its products in its early days. “That affordability threshold is very important,” Musk said. It’s insanely difficult to reach volume production at affordable unit cost.

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DOE awarding $15M to 3 algae-based biofuel and bioproducts projects

Green Car Congress

The US Department of Energy (DOE) is awarding up to $15 million for three projects aimed at reducing the production costs of algae-based biofuels and bioproducts through improvements in algal biomass yields. Global Algae Innovations. Global Algae Innovations Inc., Algenol Biotech LLC.

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Hyundai introduces trade-in program in Korea to encourage transition from ICE cars to EVs

Baua Electric

Meanwhile, Hyundai’s upgraded Kona Electric is rolling out as one of the most affordable EVs on the market. Hyundai’s investment plans this year include boosting mass-produced EVs while finishing construction at its Georgia manufacturing plant. The new Hyundai Kona features more range, faster charging, and an upgraded design.

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Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

Electric vehicles, renewable energy systems, and grid energy storage all rely on efficient and affordable energy storage solutions, primarily lithium-ion batteries. The US Department of Energy’s Vehicle Technologies Office reported a remarkable 89% decrease in the cost of electric vehicle lithium-ion battery packs between 2008 and 2022.

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Following the Money in the Air-Taxi Craze

Cars That Think

Laurie Garrow, Georgia Tech And somehow, the cost would be no greater, either. In a discussion hosted by the Washington Post last July, Bevirt declared, “Our initial price point would be comparable to the cost of a taxi or an Uber, but our target is to move quickly down to the cost of what it costs you to drive your own car.

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