The average price of a lithium-ion battery pack for a light-duty EV has decreased 90% over the past 15 years, the U.S. Department of Energy (DOE) estimates. In 2023, the DOE estimates pack prices averaged $139/kwh on a usable-energy basis for production at scale, meaning at least 100,000 units per year. That's still not quite at the magical... EV battery costs dropped 90% in last 15 years
The average price of a lithium-ion battery pack for a light-duty EV has decreased 90% over the past 15 years, the U.S. Department of Energy (DOE) estimates. In 2023, the DOE estimates pack prices averaged $139/kwh on a usable-energy basis for production at scale, meaning at least 100,000 units per year. That's still not quite at the magical... 
Used Taycan batteries are helping power Porsche's Leipzig factory in Germany The batteries are from pre-production vehicles that were used for testing Porsche said the batteries provide up to 5 MW of energy After they've degraded too much for continued use in EVs, battery packs still have plenty of usable capacity for stationary energy storage... 
A new Toyota battery plant is reportedly in the works The Japanese plant would make batteries for Lexus EVs Toyota is building a battery plant in North Carolina as well Toyota plans to build a Japanese EV battery plant for its Lexus luxury brand, the Nikkei business daily reported Friday. Circulated by Reuters, the report said the new battery... 
Addionics developed a new foil current collector General Motors' GM Ventures backed Addionics with funding Addionics plans to build a factory in the U.S. A startup aims to make EV batteries cheaper by focusing on an oft-overlooked battery component. Addionics, which is backed by General Motors' GM Ventures venture-capital arm, has developed a new... 
Tesla still hasn't solves its issues with the large-format 4680 battery cells Elon Musk reportedly told the team the issues better be fixed by the end of the year If they can't be resolved the project will reportedly be abandoned Tesla is experiencing problems with its large-format 4680 battery cells, and CEO Elon Musk has set a deadline for... 
The U.S. military is evaluating EV batteries from GM The military's looking at how to handle its energy-storage needs The project will potentially lead to pathways for domestically supplied energy storage for the military General Motors is supplying EV batteries for a military research project. The automaker's GM Defense subsidiary is providing... 
The CEO of McLaren wants the U.K. government to help create a battery supply chain The new supply chain would lead to power-dense battery cell manufacturing This would all lead to future McLaren electric supercars being produced in the U.K. McLaren Automotive CEO Michael Leiters is calling on the U.K. government to invest in the country's battery... 
BMW cancels deal with Swedish EV battery supplier worth $2 billion Northvolt, based in Sweden, still has deals with Volvo and Volkswagen Group BMW has shifted to more energy-dense cylindrical battery cells BMW has canceled a contract worth roughly $2 billion for EV battery cells from Swedish firm Northvolt, Reuters reported Thursday. German media... 
Mercedes-Benz and Stellantis are pausing work on two EV battery plants and may be looking to LFP battery cells to lower costs, reports Bloomberg. Automotive Cells Company (ACC), a battery supplier for the two automakers with plans to open three new battery plants in Europe at a cost of 7.6 billion euros (approximately $8.2 billion at current... 