Then, with some overly optimistic claims thrown in, Chu discussed the future of plug-ins, stating that batteries are the "heart" of electric vehicles, adding that the Department of Energy (DOE) is funding research to slash the cost of batteries by 50 percent within the next three to four years. Chu continued by claiming that batteries will boast double, or perhaps even triple, the energy density within six years:The Department of Energy is happy to be a part of this, but more importantly we're very happy to be really trying to push for the electrification of vehicles in the U.S. The reason is very simple. We have to diversify our transportation energy.
Magical, indeed. Do we have the wizards to pull it off? Hat tip to Josh!These are magical distances. To buy a car that will cost $20,000 to $25,000 without a subsidy where you can go 350 miles is our goal.
[Source: Los Angeles Times]