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BYD launches Yuan Up, its most affordable electric SUV at price of $A20,500

The Driven EV News

BYD unveils Yuan Up compact electric SUV, adding another low cost ground-up EV to its lineup with a price of around $A20,500. The post BYD launches Yuan Up, its most affordable electric SUV at price of $A20,500 appeared first on The Driven.

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Nissan to make EVs more affordable, plans to slash costs to reach EV/ICE price parity

Electrek

Nissan launched a new business plan on Monday as the Japanese automaker looks to drive down EV costs. The new plan calls for significant EV cost reductions to reach EV and ICE cost parity by the end of the decade.

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Want a low-cost electric boat? These are the most affordable options out there

Electrek

Electric boating is and exciting and growing industry, but the high price of most well-known electric boats has kept them out of reach for most of us. Get ready though, as a new wave of innovation is seeing several new low-cost electric boats starting to enter the US market.

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BloombergNEF annual battery price survey finds prices fell 6% from 2020 to 2021

Green Car Congress

Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, according to a new report from BloombergNEF (BNEF). All prices are in real 2021 $, unless stated as nominal.) At the cell level, average BEV prices were just $97/kWh.

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Ford plans affordable small electric pickup and SUV, starting around $25,000

Electrek

Amid a flood of new competition, Ford is shifting plans to build more affordable electric vehicles. Ford is developing a new low-cost EV platform to power a small electric pickup and SUV, with starting prices around $25,000. However, due to the pivot, plans for its three-row electric SUV have been put on the back burner.

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

Green Car Congress

Due to a steady increase in availability of new models, expanded price mix within existing models and widening eligibility of federal and state incentives, acquisition cost is starting to fade as a hurdle to EV adoption, according to J.D. The trend is consistent with steady growth in availability and affordability. in January.

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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.