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Automakers

Rising battery prices threaten affordable EV push

Battery pack
Lithium ion batteries depend on increasingly expensive components, including cobalt, nickel and lithium in their construction. (BLOOMBERG)
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By:
Bloomberg
December 07, 2022 09:47 AM

Falling battery prices have been one of the most consistent trends in the electric vehicle industry for the last decade. Prices dropped from well over $1,000 per kilowatt hour in 2010 to $141 per kWh last year.

Featured Stories

GM
GM to invest $888 million for engine production at New York facility

General Motors is investing $888 million at a New York propulsion plant to increase engine production, the company said on May 27.

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By:
Kalea Hall, Reuters
GM to invest $888 million for engine production at New York facility
Finance Insurance
Nissan dealership accused in lawsuit of falsifying financial, employment information of car buyers
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By:
Eric Freedman
Nissan dealership accused in lawsuit of falsifying financial, employment information of car buyers
EV
EVs and homes can help balance the grid with bidirectional energy storage
JF
By:
Joel Feder
EVs and homes can help balance the grid with bidirectional energy storage
Used Cars
Retailers selling only used vehicles took advantage of strong demand in 2024. See our list.
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By:
C.J. Moore
Retailers selling only used vehicles took advantage of strong demand in 2024. See our list.

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