EV battery costs dropped 90% in last 15 years

Mercedes-Benz Alabama battery factoryThe average price of a lithium-ion battery pack for a light-duty EV has decreased 90% over the past 15 years, the U.S. Department of Energy (DOE) estimates. In 2023, the DOE estimates pack prices averaged $139/kwh on a usable-energy basis for production at scale, meaning at least 100,000 units per year. That's still not quite at the magical...

Porsche gives used Taycan batteries second life powering plant

Energy storage system utilizing Porsche Taycan battery modulesUsed Taycan batteries are helping power Porsche's Leipzig factory in Germany The batteries are from pre-production vehicles that were used for testing Porsche said the batteries provide up to 5 MW of energy After they've degraded too much for continued use in EVs, battery packs still have plenty of usable capacity for stationary energy storage...

Toyota reportedly building battery plant for Lexus

2025 Lexus ES 300hA new Toyota battery plant is reportedly in the works The Japanese plant would make batteries for Lexus EVs Automakers are pulling back on EV production and targets Toyota plans to build a Japanese EV battery plant for its Lexus luxury brand, the Nikkei business daily reported Friday. Circulated by Reuters, the report said the new battery plant...

GM-backed startup promises cheaper, longer-lasting EV batteries

Stack of Rivian battery cellsAddionics developed a new foil current collector General Motors' GM Ventures backed Addionics with funding Addionics plans to build a factory in the U.S. A startup aims to make EV batteries cheaper by focusing on an oft-overlooked battery component. Addionics, which is backed by General Motors' GM Ventures venture-capital arm, has developed a new...

Report: Musk tells Tesla 4680 battery team, fix them or we’re done

2025 Tesla Cybertruck  -  Courtesy of Tesla, Inc.Tesla still hasn't solves its issues with the large-format 4680 battery cells Elon Musk reportedly told the team the issues better be fixed by the end of the year If they can't be resolved the project will reportedly be abandoned Tesla is experiencing problems with its large-format 4680 battery cells, and CEO Elon Musk has set a deadline for...