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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

Due to a steady increase in availability of new models, expanded price mix within existing models and widening eligibility of federal and state incentives, acquisition cost is starting to fade as a hurdle to EV adoption, according to J.D. Power EV Index score for availability climbed sharply to 39.4 (on Power EV Index.

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LME copper prices hit 7-year high

Green Car Congress

On 4 December 2020, the LME cash price hit its highest level since March 2013, closing at US$7,742/t. (By Copper prices plunged 27% to a low of US$4,617/t in late March as the global impact of COVID-19 became apparent, but copper stabilized and then began to rise, completing a full recovery to its January starting point by the end of July.

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EIA expects significant increases in US wholesale electricity prices this summer

Green Car Congress

The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas. MMBtu in May 2021.

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Electrify America introduces new pricing structure featuring kWh pricing in 23 states and DC; reduced rates for states with minute-based pricing

Green Car Congress

Electrify America introduced a new pricing structure designed to provide electric vehicle (EV) owners with consistent and transparent rates across its public brand-neutral fast-charging network. Kilowatt-Hour Pricing—Rates as Low as $0.31 Plus, all session fees have been eliminated. Cents Per kWh. Rates start at $0.31 per minute.

Price 435
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Equipmake-powered electric bus heads for Argentina

Green Car Congress

The Agrale MT17.0LE project features a bespoke Equipmake ZED with a 318kWh lithium-ion battery, Equipmake’s own HTM 3500 electric motor—producing 3,500 Nm torque at 1,000rpm and 400kW maximum power, seamlessly integrated into the prop shaft without the need for a separate transmission—and a Semikron SKAI inverter.

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LME copper prices at 9-year high

Green Car Congress

On 19 February, LME cash prices for copper hit a nine-year peak of US$8,806.50/t. The true direction of prices in 2021 will only be revealed once Chinese traders return and assess their appetite for the metal in March, Roskill said. This is the highest level since 1 May 2012 when copper traded at US$8,528/t.

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Ford to increase production of Mustang Mach-E in 2023, cut prices across the board

Green Car Congress

With its new EV supply chain coming online, Ford says it is significantly increasing production of the Mustang Mach-E this year to help reduce customer wait times and to take advantage of streamlined costs to reduce prices across the board, making Mustang Mach-E even more accessible to customers and keeping it competitive in the marketplace.

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