31 Jan '18, 4pm

Are Electric Vehicles Finally Taking Off? Here's What You Need to Now

Are Electric Vehicles Finally Taking Off? Here's What You Need to Now By Jason Mathers Electric vehicles (EVs) are poised to take off. We've just closed a year of record demand and investment. It's no longer a question of whether EVs—will arrive, it's how: How big of a role will EVs play, how soon and how clean will they be? Popularizing EVs will depend on tackling key challenges. We're seeing progress on several fronts. 1. Bringing Down the Cost of Batteries Battery packs account for a third of the upfront cost of full EVs. Driving these costs down expands the number of EV models that are price-competitive with conventional vehicles. There is tremendous progress here. The price of lithium ion batteries dropped 73 percent between 2010 and 2016, according to research firm Bloomberg New Energy Finance. Numerous analyses point to battery costs of $100 per kilowatt hour (kWh) ...

Full article: https://www.ecowatch.com/electric-vehicles-taking-off-253...

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