EV battery costs dropped 90% in last 15 years

Cadillac Lyriq AWD recalled for potential brake failure

2023 Cadillac LyriqGeneral Motors is recalling 2023-2024 Cadillac Lyriq electric SUVs over potential unexpected activation of anti-lock braking systems (ABS). The recall encompasses 21,469 vehicles in the U.S., all with the dual-motor all-wheel-drive powertrain. Single-motor rear-wheel-drive models are not affected. The recalled vehicles may have overly sensitive...

Audi slashes EV interest rates, but Tesla Y can cost a lot less

2024 Audi Q4 E-TronCurrent Audi EV financing undercuts Tesla, but it may still be possible to get a better deal overall from the U.S. automaker, reports CarsDirect. A recent dealer bulletin showed 0.99% financing on all 2024 Audi EVs for up to 60 months, compared to rates of 2.99% to 6.49% for most of the brand's other models. It also undercuts the 1.99% rate Tesla...

2025 Genesis GV60 gets less expensive base AWD model

2025 Genesis GV60The 2025 Genesis GV60 receives minor changes and a minor price increase for its third model year on sale in the U.S., Genesis announced last week. Wireless Apple CarPlay and Android Auto are now available, along with a new Capri Blue exterior paint color. The 19-inch-wheel option for all-wheel-drive models has also been broken out into its own...

EV battery costs dropped 90% in last 15 years

Mercedes-Benz Alabama battery factoryThe 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...