PLUG-IN CARS GETTING AFFORDABLE

Affordable Electric Cars Are Coming Soon, Study Says

Maddie Stone, April 5, 2015 (GizModo)

"For many of us, purchasing an electric vehicle is still a pie in the sky dream. But that might be changing soon, if a new Nykvist and Nilsson peer-reviewed study is correct that the cost of electric car batteries is falling much more quickly than we assumed…Lithium ion batteries make up anywhere between a quarter and half the cost of electric cars today. By systematically reviewing over 80 cost estimates published between 2007 and 2014, researchers at the Stockholm Environment Institute found that the cost of Li-battery packs used by leading manufacturers like Tesla and Nissan is falling by roughly 8 % per year…[That means] battery cost is rapidly approaching a threshold that could make the average Joe think seriously about trading in his gas guzzler…The authors found that batteries appear on track to reach $230 per kilowatt-hour by 2018. Depending on the price of gas, the sticker price of an EV is expected to appeal to many more people if its battery costs between $125 and $300 per kilowatt-hour…” click here for more

target="_blank"

Tweet