The Department of Energy’s (DOE) Vehicle Technologies Office has reported a significant decrease in the cost of lithium-ion battery packs for electric vehicles (EVs). According to the DOE, the cost has dropped by 90% from 2008 to 2023, using constant 2023 dollars. The estimated cost for 2023 is $139 per kilowatt-hour (kWh) on a usable-energy … Continue reading DOE Reports 90% Decline in EV Battery Pack Costs Since 2008