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Toyota will invest $14.3B in development of a battery supply system and research and development by 2030

Green Car Congress

billion) in the development of a battery supply system and research and development by 2030. Because Toyota can provide HEVs at a comparatively affordable price, in places where the use of renewable energy is to become widespread going forward, electrification using HEVs is among the effective ways of reducing CO 2 emissions, he said.

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GM and Honda expanding partnership to codevelop series of affordable EVs in most popular vehicle segments; on sale in 2027

Green Car Congress

General Motors and Honda plan to expand the two companies’ relationship by codeveloping a series of affordable electric vehicles based on a new global architecture using next-generation Ultium battery technology. —Doug Parks, GM executive vice president, Global Product Development, Purchasing and Supply Chain.

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Chevron partners with Clean Energy On Adopt-A-Port initiative to supply renewable natural gas for port trucks

Green Car Congress

For its part, Chevron will provide funding for Adopt-a-Port and supply RNG to Clean Energy stations near the ports. Chevron’s funding will allow truck operators to subsidize the cost of buying new RNG-powered trucks. Chevron is partnering with California natural gas retailer Clean Energy Fuels Corp.

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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

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The trend is consistent with steady growth in availability and affordability. Overall affordability has also improved by a similar margin, rising to 85.6 Overall affordability has also improved by a similar margin, rising to 85.6 Likewise, the Bolt EUV has seen its total cost of ownership fall to $30,900. in January.

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CATL and BYD target 50% battery price cut this year to make EVs affordable – ET Auto

Baua Electric

As a result, the cost of a 60 kWh battery, currently priced at USD 6,776, is projected to decrease to USD 3,388 within a year, saving EV manufacturers over USD 3,000 per vehicle. CATL plans to supply automakers with 173 Ah VDA-spec LFP cells boasting 2.2C fast charging capabilities at an average cost of 0.4

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GM, Honda announce new partnership to build affordable electric vehicles

Teslarati

General Motors and Honda have announced a new partnership to develop affordable electric vehicles based on a global platform. “GM By 2027, GM and Honda plan to launch low-priced and affordable electric options, including compact crossover vehicles, officials said. The companies already have worked together with EVs and autonomy.

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EV prices skyrocketed in November, highlighting affordability issue

Teslarati

According to sales data released by Kelly Blue Book today, EV prices were pushed ever-higher in November, likely influenced by supply and demand factors. At the same time, many manufacturers have battled near-constant supply chain issues; computer chips are in short supply, while the cost of lithium has gone through the roof.