ABB (ABB) $26.17 Canadian Solar (CSIQ) $29.70 Capstone Turbine (CPST) $1.28 Chipotle Mexican Grill (CMG) $530.00 Daqo New Energy (DQ) $35.38 First Solar (FSLR) $54.28 General Electric (GE) $27.86 Hannon Armstrong (HASI) $13.86 Hanwha SolarOne (HSOL) $2.88 iPatch DJ-UBS Coffee (JO) $21.79 iPath Pure Beta Coffee (CAFE) $14.61 JA Solar (JASO) $9.16 Maxwell Technologies (MXWL) $7.75 NRG, Inc. (NRG) $28.74 NRG Yield, Inc. (NYLD) $39.95 Ormat (ORA) $27.17 Pattern Energy Group (PEGI) $30.20 SolarCity (SCTY) $56.54 SunEdison (SUNE) $12.97 SunPower (SPWR) $29.53 TerraForm Power (TERP) $33.00 Tesla (TSLA) $149.80 TransAlta Renewables (RNW) $10.99 Trina Solar (TSL) $13.67 U.S. Geothermal (HTM) $0.38 Whole Foods Market (WFM) $37.10 Yingli Green Energy (YGE) $5.18

Electric Car Battery Costs

Are Electric Car Battery Costs about to be Cut by 80 Percent?

Written by Jeff Siegel
Posted March 19, 2012

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.

 

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Jeff Siegel on CNBC

Green Chip Stocks Editor Jeff Siegel, featured guest on CNBC's Green Week