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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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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

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However, these annual costs don’t take into account the purchase cost of the vehicle itself and are purely the ‘running’ costs annually. When the purchase cost of each type of vehicle is factored in, average gasoline vehicles are $1,454 per year cheaper to run. per mile.

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

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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. Total EV market share has now reached 8.5%, nearly double the share of a year ago.

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Nel receives NOK 600M purchase order for alkaline electrolyzers from Woodside for US project

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This is a firm purchase order for alkaline stacks, balance of stack (BoS) equipment and engineering for the balance of plant (BoP) equipment (which Woodside will provide). There are pass-through mechanisms for steel and nickel price increases. The contract has a total value of about NOK 600 million (US$57 million).

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Lightning Systems lowers prices of electric powertrains while adding and enhancing features

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Commercial electric vehicle manufacturer Lightning Systems is lowering the prices of its 2021 battery and fuel cell electric vehicles by 10 to 50% for Class 3 to Class 8 vehicles. In addition to lower prices, zero-emission vehicles from Colorado’s Lightning Systems also will have new features, including: High-speed Level 2 charging.

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Benchmark Mineral: China’s zero-COVID policies weigh on lithium and cobalt prices

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Chinese lithium and cobalt sulfate prices fell this month as strict COVID-19 lockdowns in Shanghai and elsewhere limit demand in the world’s largest electric vehicle market. Prices for cobalt sulfate fell by 6%, according to Benchmark’s Cobalt Price Assessment. There has been a little bit of softness in pricing.

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Tesla Looks to Boost Model Y Sales with Threats of Nearing Price Increases

The Truth About Cars

As we approach the end of the first quarter of 2024, Tesla is pushing the Model Y with a message that prices will increase on April 1 in hopes that the threat of higher purchase price s will drive buyers to act in the next two weeks. Even so, the company will likely remain in its dominant position atop the EV market in the U.S.

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