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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

However, these annual costs don’t take into account the purchase cost of the vehicle itself and are purely the ‘running’ costs annually. When the purchase cost of each type of vehicle is factored in, average gasoline vehicles are $1,454 per year cheaper to run.

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Piedmont Lithium amends agreement with Tesla; sourcing SC6 from Québec operation

Green Car Congress

Piedmont Lithium ( earlier post ) has amended its earlier agreement with Tesla to supply the US automaker with spodumene concentrate (SC6) from North American Lithium (NAL). Piedmont plans to deliver SC6 to Tesla from NAL under Piedmont’s offtake agreement with Sayona Québec.

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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. Additionally, both manufacturers recently announced significant price cuts on both models.

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Magnis signs offtake agreement with Tesla for anode active materials; N. American production

Green Car Congress

Australia-based Magnis Energy Technologies has entered into a binding offtake agreement with Tesla for the supply of anode active materials (AAM) beginning in February 2025 with fixed pricing.

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Tesla Model S Long Range Plus now EPA-rated for 402 miles

Green Car Congress

The company said that the achievement is realized through several changes, both iterative and transformational, in core hardware and system architecture development by the Tesla engineering, design and production teams. Model S Long Range Plus has also recently received a price reduction of $5,000. The newest 8.5

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Benchmark Mineral: China’s zero-COVID policies weigh on lithium and cobalt prices

Green Car Congress

Chinese lithium and cobalt sulfate prices fell this month as strict COVID-19 lockdowns in Shanghai and elsewhere limit demand in the world’s largest electric vehicle market. Prices for cobalt sulfate fell by 6%, according to Benchmark’s Cobalt Price Assessment. There has been a little bit of softness in pricing.

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Tesla launches Drive Anywhere Package for Model S & X purchases

Teslarati

Tesla launched a Drive Anywhere Package for new Model S and Model X purchases. Tesla’s Drive Anywhere Package costs an additional $5,000. Model S and Model X customers who purchase Tesla’s Drive Anywhere package will receive free Supercharger access to any Tesla Supercharger worldwide for three years.

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