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