Last week in Traverse City, MI, Boston-Power chief executive officer Christina Lampe-Onnerud predicted that annual sales of electric vehicles and plug-in hybrids would likely exceed 100,000 units within the next three-to-five years. Boston-Power, a lithium-ion battery maker, currently holds a contract with Saab for an electric version of the company's 9-3 and is aggressively bidding for business from additional automakers. Thus, the company is probably in a good position to predict the future based upon its in-depth knowledge of the electric vehicle (EV) and plug-in hybrid plans presented by automakers. Lampe-Onnerud told Automotive News (sub. req.) it's looking good: Boston-Power is considering constructing its second battery plant in China to boost production, since capacity is currently limited by the constraints of a lone facility in Taiwan. Lampe-Onnerud hinted that battery suppliers are now closing in on that magical cost of $500 per kilowatt-hour, a price which she believes will help push EVs towards widespread adoption in the U.S.
[Source: Automotive News – sub. req.]