Electric vehicle battery packs are cheaper than ever. The average cost of lithium-ion battery packs has dropped 20% in 2024, hitting $115 per kilowatt-hour (kWh), according to BloombergNEF’s ...

General Motors GM-1.31%decrease; red down pointing triangle is backing out of a nearly completed electric-vehicle battery plant in Michigan, agreeing to unload its stake in the new plant to its ...