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35McKinsey: Battery cost reduction looks very good for EVs

With gasoline prices staying high, plug-in electric vehicles are much better on an energy cost-per-mile basis than traditional internal combustion engine vehicles. The reality is, though, that when we compare lifecycle ownership costs – EV vs. ICE – the hands-down winner are gasoline-powered cars. When consumers can buy a car that gets over 30 mpg highway for something like $20,000, why pay a lot more for a plug-in? Federal tax credits and state rebates change the numbers, but percep

71Plug-in vehicle battery costs of $250 per kWh coming with "dramatic" price fall

Schoolhouse Rock taught us that three was the magic number. McKinsey says it's 250.

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