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Market Update: How Battery Pack Costs Declined Since 2008

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NOVEMBER 2, 2023

The cost of battery packs has been a significant factor in the adoption of these technologies, and recent developments show that we’re moving in the right direction as prices drop. One goal of the Inflation Reduction Act, which updated the Clean Vehicle Credit for new and used EVs, was to promote US manufacturing.

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2008 Market Lithium Ion Batteries 52
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How New Eligibility Criteria for the Electric Vehicle Tax Credit Affects You

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DECEMBER 15, 2023

Opting for an electric vehicle and leveraging the EV tax credit to help with your next electric vehicle purchase is a smart move. One such incentive is the Clean Vehicle Credit , a key component of the Biden administration’s Inflation Reduction Act. View IRS instructions for claiming credit.

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