Photographer: Alex Kraus/Bloomberg Photographer: Alex Kraus/Bloomberg Sign up to receive the Green Daily newsletter in your inbox every weekday. A decade ago, some of the smartest minds at the U.S. Department of Energy set an ambitious goal: lower the cost of battery packs to $100 per kilowatt-hour from more than […]

On Thursday, Chinese electric vehicle maker Nio announced plans for a “battery as a service” option with its cars.  The company will let buyers lease their batteries for about $150 per month, lowering the purchase price of the car.  Customers will have access to battery-swap locations and chargers throughout China, […]