Manufacturing price of imported energy storage vehicles

How does Doe reduce the cost of new vehicle technology?

DOE also expands medium and heavy-duty vehicle classes previously analyzed and updates results based on current costs of technology. Reducing the cost of new vehicle technology for consumers is a central focus of DOE R&D efforts and has led to substantial reductions in the cost of plug-in and fuel cell vehicles over time.

How does battery cost affect vehicle cost?

Battery cost is a key input given its significant impact on the overall vehicle cost for BEVs and PHEVs. The reductions in battery cost shown below translate directly to reduced vehicle cost. $206/kWh.

What are the estimated battery costs?

The estimated battery costs incorporate DOE’s understanding of battery production volumes for the different vehicle classes and capture the various prices that OEMs across the market experience. The costs discussed in this report represent a point in time reflective of current market conditions.

Will the cost of EV batteries continue to decline?

DOE anticipates that incremental costs for clean vehicles of all classes will continue to decline as costs of EV batteries, powertrain components, vehicle materials, and hydrogen fuel cells continue to decline.

What is a model price equivalent (RPE) factor?

Modeled costs also include a Retail Price Equivalent (RPE) factor to account for the additional indirect costs and profits that are included in vehicle MSRPs offered to consumers. This analysis assumes a RPE of 1.5 for LDVs and 1.2 for MHDVs as a multiplying factor to costs to approximate retail prices.

How much does a kWh cost?

$206/kWh. These costs represent a point in time reflective of current market conditions and include costs associated with low production volumes of first-generation products. Industry announcements and sales volume trends suggest that these costs will decrease significantly in the next few years.