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Data: BloombergNEF; Chart: Axios Visuals

The ongoing cost declines for lithium-ion battery tech is helping to make electric vehicles competitive against internal combustion models, per new analysis from the research firm BloombergNEF.

Why it matters: The annual study sees 2023 as the point where automakers "should be able to produce and sell mass market EVs at the same price (and with the same margin) as comparable internal combustion vehicles in some markets."

How it works: That chart above shows an average across different types of vehicles, as well as stationary storage. BloombergNEF's Nathaniel Bullard points out in a column this morning that there's lots of variation.

Yes, but: "In every application, though, these batteries are now making serious inroads into their respective markets of public transportation, personal vehicles, and electricity networks," Bullard writes.

Go deeper

Ben Geman, author of Generate
Jan 27, 2021 - Economy & Business

What to watch for in Tesla's Q4 earnings report

Data: FactSet; Chart: Danielle Alberti/Axios

Tesla will report Q4 2020 earnings after markets close today, with analysts expecting a sixth consecutive quarterly profit for the electric vehicle maker that was reeling just a few years ago.

Why it matters: Tesla is the country's dominant EV company, and its trajectory affects overall adoption of the tech, even as more and more models from other companies are hitting the market.

Updated 3 hours ago - World

Reports: Up to 17 U.S. missionaries kidnapped in Haiti

Haitian soldiers guard the public prosecutor's office in Port-au-Prince earlier this month. Photo: Richard Pierrin/AFP via Getty Images

Children were among up to 17 American Christian missionaries and their relatives kidnapped by a gang in Haiti on Saturday, the New York Times first reported.

Details: The missionaries had just left an orphanage and were traveling by bus to the airport to "drop off some members" and were due to travel to another destination when the gang struck in Port-au-Prince, Haitian security officials said, per the NYT.

5 hours ago - World

Melbourne, "world's most locked-down city," to lift stay-at-home orders

Victorian Premier Daniel Andrews during a news conference in Melbourne, Australia, on Sunday. Photo: Quinn Rooney/Getty Images

Melbourne's stay-at-home orders will end five days earlier than planned, officials in Australia's second-biggest city announced Sunday.

Why it matters: The capital of the state of Victoria has had six lockdowns totaling 262 days since March last year. That means Melbourne spent longer under lockdown than "any other city in the world" during the pandemic, Reuters notes.