Remove 2008 Remove Economy Remove Georgia Remove Industry
article thumbnail

Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

The US Department of Energy’s Vehicle Technologies Office reported a remarkable 89% decrease in the cost of electric vehicle lithium-ion battery packs between 2008 and 2022. In 2008, the cost per kilowatt-hour (kWh) was $1,355, but by 2022, it had dropped to $153 per kWh. But that doesn’t mean prices are set in stone.

2008 52
article thumbnail

UT Austin to lead $58M study of methane hydrate in Gulf of Mexico; $41M from DOE

Green Car Congress

The US Department of Energy (DOE) is providing $41,270,609, with the remainder funded by industry and the research partners. Council of Canadian Academies (2008). Methane hydrate—natural gas trapped in an ice-like cage of water molecules—occurs in both terrestrial and marine environments. Click to enlarge.

Mexico 294
article thumbnail

President Joe Biden’s Tesla-void EV speech gave Ford too much credit [Opinion]

Teslarati

Two of the four vehicles I have owned have been Fords, the most recent being a 2008 Ford Escape Hybrid. It simply wasn’t an option for the American economy, the President hinted. That’s not going to help the American economy, nor will it supply U.S. Tesla’s electric vehicles are the leader of the industry.

Ford 145
article thumbnail

Southern Unionization Remains An Uphill Battle As Governors Caution Against UAW

The Truth About Cars

With the United Automobile, Aerospace and Agricultural Implement Workers of America International Union (UAW) seeking to expand in the Southern United States, Republican governors have started to condemn the action on the grounds that it would be detrimental to the economy.

article thumbnail

Trump plans to gut EV policy: What it might mean for jobs, auto industry, made in America

Baua Electric

But it sows confusion among some who wonder how the former president stands on the future of the EV industry. Trump also froze fines for fleet fuel-economy violators , after his administration lost a court battle to roll the fine amounts back—another move that indirectly likely suppressed the EV market.