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IHS Markit: average cost of lithium-ion battery cell to fall below $100/kWh in 2023

Green Car Congress

The average cost of a Li-ion battery cell—used to power electric vehicles and to provide flexibility in the power grid as more renewables, such as solar and wind, are added will fall below $100 per kilowatt hour (kWh) in the next three years, according to a new analysis by IHS Markit. Cost is the name of the game.

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Argonne study finds BEVs can have lowest scheduled maintenance costs, but highest cost of driving

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Researchers at Argonne National Laboratory, with colleagues from Lawrence Berkeley, Oak Ridge, and National Renewable Energy labs, and the University of Tennessee, have published a comprehensive analysis of the total cost of ownership (TCO) for 12 sizes of vehicles ranging from compact sedans up to Class 8 tractors with sleeper cabs.

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Lithium-ion battery recycler ABTC expands operations and capacity with newly purchased facility

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The demand for domestically produced and sustainably sourced battery metals has grown at a near insatiable rate over recent years, as the domestic manufacturing capacity of lithium-ion batteries has grown exponentially from less than 50 GWh/year to now more than 700 GWh/year of operational and announced capacity.

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BNEF: cost of new renewables rises as inflation starts to bite

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The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. More recently, labor costs started to rise.

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Benchmark: battery demand for manganese set to increase 8-fold this decade

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Demand for manganese in batteries is set to grow over eight-fold this decade, due to new battery chemistries and rising electric vehicle sales, according to Benchmark’s Manganese Sulphate Market Outlook. New battery chemistries are expected to use even more manganese.

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Toyota launches battery-electric bZ4X SUV

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The EPA-estimated fuel economy rating for XLE FWD is 131 MPGe city, 107 MPGe highway and 119 MPGe combined. The EPA-estimated fuel economy rating for XLE AWD is 114 MPGe city, 94 MPGe highway and 104 MPGe combined. Handling is due in part to the battery cross-framing structure, which adds to overall vehicle rigidity.

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DOE: all-electric vehicles have the lowest estimated average annual fuel cost of all light-duty vehicles

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The annual fuel costs for plug-in hybrid-electric vehicles, which can fuel with gasoline and electricity, are next lowest, and are heavily influenced by the electric range of the vehicle. All annual vehicle fuel costs are rounded to the nearest $50. Environmental Protection Agency, Fuel Economy Data. regular gasoline; $3.00