Electric Car Battery Costs

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

Written by Green Chip Stocks
Posted March 19, 2012 at 2:00PM

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.