20-year EV battery, 9-minute charging in Samsung SDI roadmap

Samsung logoSamsung SDI this week presented a battery-development roadmap with ambitious performance targets for charging, energy density, and battery life. On the charging front, the company believes it can begin mass-producing battery cells capable of being charged from 8% to 80% in just nine minutes by 2026. This will be made possible by "optimizing...

Analysts: 40% drop in 2023-2025 EV battery prices will boost sales

Mercedes-Benz Alabama battery factoryA number of factors may be converging to lower EV battery prices, which in turn could boost EV demand, according to new analysis from Goldman Sachs. Analysts expect nearly a 40% decline in EV battery prices between 2023 and 2025, and for EVs to "reach breakthrough levels in terms of cost parity" with internal-combustion vehicles in some markets as...

Here’s why in a few years EVs may not cost more than gas models

Lithium SaltsLithium supply may soon exceed demand for use in EV batteries, potentially bringing price parity with internal-combustion vehicles later this decade, according to a new study from the International Council on Clean Transportation (ICCT). New emissions rules proposed by the EPA are expected to boost EV sales to 67% of total U.S. new-car sales by...

Here’s why in a few years EVs may cost less than gas models

Lithium SaltsLithium supply may soon exceed demand for use in EV batteries, potentially bringing price parity with internal-combustion vehicles later this decade, according to a new study from the International Council on Clean Transportation (ICCT). New emissions rules proposed by the EPA are expected to boost EV sales to 67% of total U.S. new-car sales by...

GM taps ex-Tesla battery chief to deliver cheaper EVs sooner

2022 GMC Hummer EV pre-production at Factory Zero plant in Detroit, MichiganGeneral Motors has hired former Tesla battery-development boss Kurt Kelty as its new vice president of batteries. In this newly-created position, Kelty will be tasked with bringing together GM's development resources "to more quickly deliver profitable, lower-cost, higher performing electric vehicles to customers at scale," and will report...