EV battery costs declining faster than expected
Plug-in Vehicle Premium Price Over Conventional Cars Shrinks
In late 2013, Navigant Research forecast that li-on battery costs would fall to about $300 per kilowatt hour by this year (nice work!) and that those costs could fall to $180 per kilowatt hour by the end of the decade. That means that electric vehicles may be selling for just a $2,000 premium compared to a similar gas-powered car by 2020. That premium could shrink further because automakers charged with meeting stringent federal fuel economy standards will be investing more in fuel-efficiency technology, potentially boosting the cost to make conventional vehicles as plug-in vehicles costs fall because of battery-price declines. Take a look at the rather scientific Nature Climate Change report summary here.
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