EV battery prices have been falling, and they could decline even more steeply over the next two years, according to a new Goldman Sachs report. On the pack level, global average battery prices declined from $153 per kwh in 2022 to $149 in 2023, according to the report, which predicts that they'll continue dropping to $80 per kwh by 2026. That's... Study: EV battery prices to drop by 50% by 2026
EV battery prices have been falling, and they could decline even more steeply over the next two years, according to a new Goldman Sachs report. On the pack level, global average battery prices declined from $153 per kwh in 2022 to $149 in 2023, according to the report, which predicts that they'll continue dropping to $80 per kwh by 2026. That's... 
The U.S. could produce cheaper EV batteries than China by 2030, according to a new report by analysis firm Benchmark Mineral Intelligence (via Politico). But that depends on Biden administration policies undergirding current battery-manufacturing momentum staying in place. The cost reductions are dependent on tax credits from the Inflation... 
Chines battery supplier CATL could build a plant in the U.S. The decision would hinge on whether Trump's administration allows the Chinese to enter the market CATL wanted to invest in the U.S. but to date the government's said no Chinese battery supplier CATL is open to building a U.S. factory if the incoming Trump administration allows it, the... 
Mazda on Thursday provided an update on its powertrain development efforts, which will emphasize bringing more development work on all-electric and hybrid powertrains in-house going forward. After launching the low-range MX-30 crossover, which has already been discontinued in the U.S., with all-electric and range-extended powertrains, Mazda has... 
Honda is looking to expand a battery-swapping service from Asia to Europe, but the focus will remain on two-wheeled vehicles like mopeds and scooters. The automaker currently offers battery-swapping in Japan, India, Indonesia, and Thailand, but in a Tuesday press release said it's now working with Swedish scooter rental startup GoCimo on testing... 
As the second-generation Tesla Roadster remains on the drawing board, a Texas-based company has sketched out a new life for original Roadsters, while improving their handling. Re/Cell, which specializes in remanufacturing EV battery packs, recently unveiled a replacement Roadster battery pack that's 400 pounds lighter than the original and takes... 
Ford Mustang Mach-E battery production will move from Poland to Michigan The move will translate into federal EV tax credit eligibility The Ford Mustang Mach-E is assembled in Mexico LG Energy Solution will shift production of batteries for the Ford Mustang Mach-E from Poland to Michigan in 2025, checking a box for federal EV tax-credit... 
Stellantis will test solid-state battery cells from Massachusetts-based Factorial in a fleet of Dodge Charger Daytona electric vehicles starting in 2026, the two companies announced Wednesday. The test fleet "will enable the validation of Factorial's technology and assessment of its performance in real-world driving conditions," the companies... 
Lithium in a Smackover Formation could provide nine times the global demand for EV batteries The lithium deposits could be the key to U.S. battery production Lithium mining was extensive in North Carolina until the 1980s A lithium deposit located in southwestern Arkansas could hold enough of the metal to satisfy global EV battery demand nine times... 
As automakers continue to ramp up EV production, they're already thinking about what to do with battery cells once vehicles reach the end of their useful lives. To that end, Mercedes-Benz opened a battery recycling center in Germany. Located in Kuppenheim, in the southern part of the country, Mercedes claimed in a press release that the facility... 