Energy storage vehicle price information

Which energy storage technologies are included in the 2020 cost and performance assessment?

The 2020 Cost and Performance Assessment provided installed costs for six energy storage technologies: lithium-ion (Li-ion) batteries, lead-acid batteries, vanadium redox flow batteries, pumped storage hydro, compressed-air energy storage, and hydrogen energy storage.

Are battery electricity storage systems a good investment?

This study shows that battery electricity storage systems offer enormous deployment and cost-reduction potential. By 2030, total installed costs could fall between 50% and 60% (and battery cell costs by even more), driven by optimisation of manufacturing facilities, combined with better combinations and reduced use of materials.

What is included in the levelized cost of driving?

The levelized cost of driving in the ATB includes vehicle, fuel, and maintenance costs. See the levelized cost of driving definition for details of what is included in and excluded from LCOD in the ATB. Changes over time are attributable only to projected vehicle cost and performance; the fuel cost and emissions are constant over time.

How much does it cost to charge a BEV?

The ATB does not estimate the cost (or opportunity cost) of the time required to charge the vehicle. BEVs use 16% Level 1 chargers and 84% Level 2 chargers. Level 1 costs are $0 and Level 2 costs are $1,836 (including equipment and installation), based on Borlaug et al. (Borlaug et al., 2020).

What is a modeled vehicle price?

Modeled vehicle price represents an estimated cost to the consumer to purchase a new vehicle, based on modeling that includes manufacturing costs and profit. The source of the 2022 Transportation ATB modeled vehicle price and fuel economy is the Argonne National Laboratory report (Islam et al., 2022); the original data are available here.

How many miles does it take to charge a BEV?

Based on data from the National Household Travel Survey, 95% of individual vehicle trips in the United States are less than 31 miles (Oak Ridge National Laboratory, 2019). The ATB does not estimate the cost (or opportunity cost) of the time required to charge the vehicle. BEVs use 16% Level 1 chargers and 84% Level 2 chargers.