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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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Tesla shares battery info on upcoming affordable compact vehicle

Teslarati

It estimates that 686 million compact vehicles are currently in the global fleet, meaning 36 TWh of batteries are needed to replace compact internal combustion engine (ICE) cars. 2 , an affordable compact EV around the same price range. The American EV automaker expects to sell 42 million Tesla compact cars in the future.

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Hyundai Ioniq 6 deal, affordable Honda and Toyota EVs, Civic and Elantra hybrids: The Week in Reverse

Baua Electric

The 2024 Hyundai Elantra Hybrid gets a price hike—and more of a price bump versus non-hybrid Elantra models, although the Elantra Hybrid does now get the larger 10.3-inch Looking at the latest “Highland” Model 3, as priced last week, it undercuts the Tesla by $9,000. inch infotainment screen. with other markets to follow.

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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins. —Gabriel Collins.

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Tesla price target cut by Morgan Stanley

Teslarati

Tesla’s ( NASDAQ: TSLA ) price target was cut by Morgan Stanley, a firm that has had a bullish outlook on the automaker’s stock for several years. “EV demand continues to decelerate despite continued price cuts,” Jonas wrote. Price Target Jonas reduced Tesla’s price target to $320 from $345.

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Tesla’s market disruption may lead to healthy slice of global auto market: Mizuho

Teslarati

Tesla ( NASDAQ: TSLA ) is expected to control 10% of the global automotive market in the coming years, analysts from Tokyo-based Mizuho Bank said in a recent note to investors. While Mizuho analyst Vijay Rakesh identifies the growing global EV market and Tesla’s domination of it , he is aware of incoming competitors.

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China Needs More Ships to Handle Its Rapidly Growing EV Exports

The Truth About Cars

The country’s tech, automotive, and manufacturing industries have become juggernauts in their respective sectors, and the Chinese auto industry has solidified itself as a global force. Pricing remains a challenge for electric vehicles in America for now, though, as no automaker has been able to crack the affordability nut.

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