EV battery pack prices fell 13% in 2020, some are already below $100/kwh

Mercedes-Benz battery productionElectric-car battery-pack prices have fallen 13% in 2020, in some cases reaching a crucial milestone for affordability, according to an annual report released Wednesday by Bloomberg New Energy Finance (BNEF). Average prices have dropped from $1,100 per kilowatt-hour to $137 per kwh, decrease of 89% over the past decade, according to the analysis...

Hyundai Kona Electric and Nexo fuel-cell SUV recalled for brake issue

2021 Hyundai Kona ElectricThe battery-powered Hyundai Kona Electric and hydrogen fuel-cell Hyundai Nexo crossovers are being recalled over a potential issue with a brake booster shared by both models. The recall, which includes Kona Electric crossovers from model years 2019 through 2021, and Nexo crossovers from model years 2019 and 2020, is due to a possible defect with...

Mercedes-Benz confirms two electric SUVs for Alabama production in 2022

2022 Mercedes-Benz EQS prototypeMercedes-Benz on Monday confirmed plans to build two electric SUVs at its Tuscaloosa, Alabama, factory as part of the revised rollout of electric models under its EQ sub-brand. The Alabama factory will build an SUV variant of the previously-teased EQS luxury sedan, as well as a second SUV called EQE, beginning in 2022, Mercedes said in a press...