Over the course of the next ten to fifteen years, the sticker price for an electric car will be very competitive with that of a modern internal combustion engine vehicle.
Through the integration of new, lightweight materials, new vehicle designs and cheaper battery costs, electric vehicles will no longer be the high-priced pariah that some knuckle-draggers wish it to be. No, the future of electric cars is solid, mostly because the rapid decline in production costs is a lock.
Of course, the biggest decline in production costs will come from the cost reductions in high-performance battery manufacturing. And based on what we're seeing now, in ten years, those costs could be cut by as much as 80 percent. This is a huge deal, and quite frankly, changes everything.
John Voelcker over at Green Car Reports takes a closer look at these production cost declines here.
Back-room wind energy deals in China... See-through solar panels... 500-mile electric car batteries... whether you've been reading about it or not, there's an alternative energy boom that's rapidly taking over. And it's making a handful of smart investors, very, very rich.
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