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Boston Consulting Group (BCG), in its upcoming report titled "Powering Autos to 2020," has toned down its estimated plug-in vehicle penetration in response to significant improvements to the internal combustion engine.

At an Automotive Press Association meeting this week, the Boston Consulting Group (BCG) released the results of a new cost study on battery electric vehicles and it doesn't look good for electric vehicle fans. BCG thinks it is unlikely that the cost of batteries will drop nearly enough to make EVs price competitive with internal combustion vehicles in the next decade without continued tax incentives. The current $7,500 federal tax break for plug-in buyers is unlikely to still be in place by 2020