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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.

Price 469
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Affordable EV incoming! Jeep locks in affordable electric SUV that will shock you with its price

EV Central

Stellantis boss Carlos Tavares has pledged that Jeep’s affordable all-electric SUV will be priced from less than US$25,000 ($A37,500) in the USA – almost US$19,000 less than the cheapest Tesla Model Y. “If you ask me what is an affordable BEV, I would say 20,000 euros in Europe and $25,000 in the US,” Tavares said.

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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

Green Car Congress

Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.

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Kia suddenly shifts to hybrids, affordable EVs amid ‘waning global demand’

Baua Electric

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan. It plans to boost demand by launching a series of new affordable EVs.

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Kia suddenly shifts to hybrids, affordable EVs amid waning global demand

Baua Electric

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan. It plans to boost demand by launching a series of new affordable EVs.

Kia 52
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BYD’s strategy to take over Europe [Feature]

Teslarati

BYD’s strategy to take over Europe was recently revealed in a report by Reuters. Below are the strategies BYD and Chinese automakers are implementing to deploy their vehicles in Europe. “In China, the purchase price is important. BYD and other Chinese automakers have studied the European auto market for years.

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Tesla inventory volumes in Europe indicate potential upcoming price cut

Teslarati

4 The volume of Tesla inventory vehicles in Europe has spiked to its highest point this year, indicating the potential for another price cut. Now, trouble seems to continue for the American EV brand, which now sees a record number of inventoried vehicles in Europe. Most of that inventory build-up happened in Europe.”

Europe 105