27 Jun '12, 11pm

DOE's Steven Chu says $25,000, 140-mile electric car might be here in 10 years

Of course Chu knows stuff that helps him make these sort of guestimates, so he's sort of cheating. For example, I"m sure he has considered that in around 10 years, California's ZEV mandate will be about 15% of all new cars. He also knows that the number of ZEV credits that a car gets is based upon range. And that the way that the credits are designed, EV's must have exactly double the range of the Leaf to earn more ZEV credits. So let's put that all together. Double the range will allow manufacturers to build much fewer EV's because they will earn more ZEV credits. So predicting a jump to double the range is a fairly conservative prediction that isn't really that controversial. It is actually rather easy to predict, considering this is exactly what the intent of the rules were when they were written. These rules will push manufactures to double range as the next evolution ...

Full article: http://green.autoblog.com/2012/06/27/does-steven-chu-says...

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