25 Apr '12, 4pm

General Electric CEO says electric vehicles will reach 'tipping point'

1. Oil and therefore gasoline will continue to be volatile, but the general price trend will be upwards, possibly sharply so, depending on what China and India do. 2. The primary thing keeping EVs from taking the industry by storm is the price performance of batteries. If Honda could sell, at a profit, a Fit EV that got 300 miles/charge for, say, $25,000, there would be a waiting list from here to the moon. (And my name would be on it.) The only thing between today's offerings and that $25k Fit is the price of batteries, and that's going to decline, probably by a lot, in the next few years. 3. When the perceived utility (note the careful wording) of gasoline vs. electricity powered cars cross for a lot of people, we have a tipping point that will make for some very interesting fireworks in the marketplace. Long waiting lists for EVs, resale prices on gas guzzlers plummetin...

Full article: http://green.autoblog.com/2012/04/25/general-electric-ceo...

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