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Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

Electric vehicles, renewable energy systems, and grid energy storage all rely on efficient and affordable energy storage solutions, primarily lithium-ion batteries. 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.

2008 52
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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

During past eight years the number of plug-in electric vehicle models has increased from one to more than 20, battery costs have decreased 70%, and the number of electric vehicle charging stations has increased from less than 500 in 2008 to more than 16,000 today—a 40-fold increase. Georgia Power. National Grid.

Obama 150
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NASA awards $16.5M to four teams for additional research into reducing aircraft fuel consumption, emissions and noise

Green Car Congress

million to four industry and academic teams for additional research into ideas to reduce aircraft fuel consumption, emissions and noise in aircraft that could enter service between 2030 and 2035. The teams first studied the ideas from October 2008 to April 2010. The teams first studied the ideas from October 2008 to April 2010.

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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. In July, Trump reportedly asked oil and gas CEOs for a $1 billion campaign donation in exchange for scrapping EV policies, halting wind energy expansion, and derailing other clean-energy policies that the industry opposes.