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IHS Markit: average cost of lithium-ion battery cell to fall below $100/kWh in 2023

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The average cost of a Li-ion battery cell—used to power electric vehicles and to provide flexibility in the power grid as more renewables, such as solar and wind, are added will fall below $100 per kilowatt hour (kWh) in the next three years, according to a new analysis by IHS Markit. Cost is the name of the game.

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DOE estimates EV battery pack costs in 2022 nearly 90% lower than in 2008

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The Department of Energy’s (DOE’s) Vehicle Technologies Office estimates the cost of an electric vehicle lithium-ion battery pack declined 89% between 2008 and 2022 (using 2022 constant dollars). The decline in cost is due to improvements in battery technologies and chemistries, and an increase in manufacturing volume.

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DOE: cobalt is the most expensive material used in lithium-ion battery cathodes

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With the accelerating transition to electric vehicles (EVs), demand for the materials used to produce batteries will increase significantly and rapidly. Aside from the lithium needed to produce modern lithium-ion batteries, much attention is focused on the cost of the materials used for EV battery cathode production.

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DOE estimates that EV battery pack costs in 2021 are 87% lower than in 2008

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Research by the Department of Energy’s (DOE) Vehicle Technologies Office estimates the cost of an electric vehicle lithium-ion battery pack declined 87% between 2008 and 2021 (using 2021 constant dollars). 100,000 units per year. 100,000 units per year. That compares to $1,237/kWh on a usable-energy basis in 2008. 2021 is estimated.

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IONETIC launches EV battery pack design platform

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IONETIC , a UK start-up specializing in electric vehicle (EV) battery pack technology, launched its EV battery pack design platform, which the company says can cut the development cost and time for automotive manufacturers bringing a new electric vehicle to market.

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Meta Materials acquires assets and IP of Optodot; battery separators and coating technology

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Optodot is a developer and licensor of nano-composite battery separators and infrared optical coating technologies, based in Devens, Massachusetts. META’s Advanced Materials and Battery Products group will continue joint development, licensing, and manufacturing scale-up of Optodot’s technology in partnership with leading OEMs.

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DOE releases Energy Storage Grand Challenge Roadmap; 44% reduction in manufactured cost for 300-mile EV pack by 2030

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In addition to concerted research efforts, the Roadmap’s approach includes accelerating the transition of technologies from the lab to the marketplace, focusing on ways to manufacture competitively technologies at scale in the United States, and ensuring secure supply chains to enable domestic manufacturing.