29 Mar '15, 7pm

Electric Vehicle Batteries Cheaper Than Expected

Electric Vehicle Batteries Cheaper Than Expected

Tesla Model S battery pack © Tesla Motors One of the biggest things holding back sales of electric vehicles is the price of the battery. Sure, you save money on gas and maintenance in the long run, but the price is still not something to sneeze at, even after subsidies and all. But there is hope – battery prices are falling, and they are doing so faster than one can say “supercalifragilisticexpialidocious.” A study published in Nature Climate Change used the learning curve theory to estimate the cost per kWh and published data. An estimate made by the International Energy Agency (IEA) two years ago said that the cost per kilowatt-hour of batteries in 2020 will be US$300/kWh. The study found that market leaders Tesla and Nissan Motors have already reached this milestone late last year. And things are bound to get even better. The reduction in Lithium Ion battery cost was fo...

Full article: http://www.greenoptimistic.com/electric-vehicle-batteries...

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